Kimberly-Clark price target lowered to $114 from $133 at Piper Sandler

Piper Sandler lowered the firm’s price target on Kimberly-Clark (KMB) to $114 from $133 and keeps an Overweight rating on the shares. The firm notes the company’s Q1 top-line momentum is tracking in-line with what it had expected, and its costs are hedged roughly nine months out, securing roughly the balance of 2026. However, there could be risk to 2027’s outlook if elevated oil costs persist.