Bank of America Merrill Lynch Raises Numbers on Kimberly Clark (KMB)
On Monday analysts at Bank of America Merrill Lynch increased the price target and earnings estimates on personal care product maker Kimberly Clark Corp (KMB) due to sustainably better relative growth.
The analyst maintain a “Buy” rating on KMB and now see shares reaching $98. This target suggests about an 8% upside to Friday’s closing price of $90.90.
Kimberly Clark shares were down 54 cents, or -0.59%, during morning trading on Monday. The stock is up +26% over the past twelve months.
The Bottom Line
Shares of Kimberly Clark (KMB) have a dividend yield of 3.26% based on Friday’s closing price of $90.90 and the company’s annualized dividend payout of $2.96 per share.
Kimberly Clark Corp (KMB) is recommended at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
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