Morgan Stanley downgraded Kimberly-Clark de Mexico to Equal Weight from Overweight with a price target of MXN 40, down from MXN 44. The firm sees the company’s cost structure being negatively impacted by the higher than anticipated pulp prices in the first half of 2024 and elevated brent prices throughout the year, which should “take a toll on earnings” starting in Q4.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KCDMY: