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 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KCDMY: