Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com - Piper Sandler has reiterated its Overweight rating and $162.00 price target on Kimberly Clark (NASDAQ:KMB) ahead of the company’s quarterly earnings report on October 28. The consumer goods giant, currently trading near its 52-week low at $120.62, has seen 9 analysts revise their earnings expectations downward for the upcoming period, according to InvestingPro data.
The research firm expects Kimberly Clark to deliver results in line with recently lowered market expectations, noting that increased competition in the diaper category at some large retail customers will likely impact performance.
Piper Sandler anticipates that organic growth for Kimberly Clark will fall below category levels this quarter due to these competitive pressures in the diaper segment, which represents a significant portion of the company’s consumer products portfolio.
Despite these short-term challenges, the firm believes Kimberly Clark’s fiscal year guidance will remain largely unchanged, supported by strong promotional activities that were shifted into the fourth quarter.
Piper Sandler noted that while quarterly fluctuations may occur due to promotional timing, tariffs, and foreign exchange impacts, the long-term investment thesis for Kimberly Clark remains intact.
In other recent news, Kimberly-Clark has been the focus of several analyst updates and company announcements. Goldman Sachs raised its price target for Kimberly-Clark to $145, maintaining a Buy rating after the company reported better-than-expected second-quarter results. The firm noted a 5% volume-led growth, marking the strongest volume growth quarter in five years, driven by resilient demand and successful innovation. Meanwhile, Piper Sandler lowered its price target to $145, citing near-term competitive pressures and increased promotional activity in club channels. Evercore ISI also adjusted its price target to $150, reducing its third-quarter sales estimates due to pantry loading and marketing delays in North America. Jefferies initiated coverage with a Hold rating and a $30 price target, projecting a 9.3% implied total shareholder return through 2030. Additionally, Kimberly-Clark announced the appointment of John Carmichael as President of North America, effective September 15, who will oversee the company’s personal care, family care, and professional businesses. These developments highlight the company’s ongoing strategic adjustments and market performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.