Kimberly-Clark price target lowered to $156 from $158 at Piper Sandler

Piper Sandler analyst Korinne Wolfmeyer lowered the firm’s price target on Kimberly-Clark (KMB) to $156 from $158 and keeps an Overweight rating on the shares. The firm notes the company delivered a solid Q1, and while full year guidance was lowered, management seems to have fairly good visibility, as well as a number of strategies in place to help offset the current macro challenges. As such, Piper continues to view the name as relatively well positioned, given its resilient business model, ongoing cost savings initiatives, and supply chain productivity efforts helping to limit downside risk.