UBS analyst Stephen Powers downgraded Kimberly-Clark to Sell and cut his price target for the shares to $120 from $134. The stock's 11% rise year-to-date is not based on fundamentals but news flow of consolidation in the Household Products sector, Powers tells investors in a research note. He believes, however, that Kimberly-Clark may not possess as much "strategic optionality" as is reflected in the current share price. Despite a strong geographic footprint, the company's categories present "limited revenue expansion opportunities" without capital investments, the analyst argues.
Barclays analyst Lauren Lieberman raised the firm's price target on Kimberly-Clark to $136 from $132 and keeps an Equal Weight rating on the shares. The company reported strong Q1 results, both on productivity and volume, the analyst tells investors in a research note.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Notable gainers among liquid option names this morning include Globe Life (GL) $71.33 +4.94, Super Micro (SMCI) $764.85 +47.83, Danaher (DHR) $250.88 +14.79, Kimberly Clark (KMB) $136.87 +7.94, and General Motors (GM) $45.38 +2.17.
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here