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Fly News Breaks for January 26, 2016
KMB
Jan 26, 2016 | 08:10 EDT
Wells Fargo believes that the weakness in Kimberly-Clark's stock yesterday creates a buying opportunity. The firm says that the company's Q4 EPS would have beaten expectations if not for the change in its valuation of its Argentine business. The firm reports that the company's gross margin beat expectations, while its organic sales rose 5%. Wells says that these factors are more important than the company's headline EPS miss, and it expects the stock to rebound "over time." Wells expects the company's 2016 EPS to come in above its guidance, and Wells keeps an Outperform rating on the shares.
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