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Kimberly-Clark upgraded to Neutral from Underweight at JPMorgan

JPMorgan analyst Andrea Teixeira upgraded Kimberly-Clark (KMB) to Neutral from Underweight with a price target of $138, up from $125, post the Q2 report. The firm has confidence in Kimberly-Clark’s volume and mix growth in the second half of the year post than expected Q2 sales growth. The company’s better brand communication and recent launches across value tiers should bring benefits in the the back half of fiscal 2025, the analyst tells investors in a research note. JPMorgan expects Kimberly-Clark to see continued market share gains in China.

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