BUZZ-Kimberly-Clark falls after TD Cowen downgrades to 'hold', cuts PT

Reuters01-08 19:56
BUZZ-Kimberly-Clark falls after TD Cowen downgrades to 'hold', cuts PT

** Shares of Kleenex tissue maker Kimberly-Clark KMB.N down ~2% at $125.25 premarket

** Brokerage TD Cowen lowers rating to "hold" from "buy", cuts PT to $145 from $159

** Brokerage expects gross margin expansion in 2025 to slow down as benefits from commodity cost deflation in pulp and paper are beginning to reverse

** External factors like hurricanes, shifts in trade inventory, slowdown in professional market seem to be impacting KMB's organic growth more profoundly than its peers - brokerage

** Six of 20 brokerages rate the stock "buy" or "higher", 12 "hold" and two "sell" or "lower"; median PT is $150 - LSEG

** KMB rose about 8% in 2024

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment