Kimberly-Clark price target raised to $140 from $130 at Wells Fargo

Wells Fargo raised the firm’s price target on Kimberly-Clark (KMB) to $140 from $130 and keeps an Equal Weight rating on the shares. The firm says it toured Kimberly-Clark’s Beech Island, SC mega plant, hosted by leaders including Chief Supply Chain Officer Tamera Fenske. “These sorts of days are a lot to digest,” but Wells did come away with the sense there’s real buy-in for Kimberly-Clark’s ambitious savings goals.