Employee of Kimberly-Clark (KMB) has been arrested on arson charges following a fire at the company’s Ontario, CA facial tissue and toilet paper facility, Bloomberg reports, citing Ontario Deputy Fire Chief. At 2:30 p.m. PT, Chief Wedell told Bloomberg that the fire was contained, but not yet extinguished, while the company has also stated that there were no reported injuries. Shares of Kimberly-Clark were down 4% in Tuesday’s trading on the initial reports of the fire.
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- Kimberly-Clark price target lowered to $109 from $110 at Deutsche Bank
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