KMB - Kimberly-Clark Might Face Slight Sales Decline In Q2 - Analyst Says Upward Revision Of Guidance May Be A 'Surprise' | Benzinga
Piper Sandler analyst Korinne Wolfmeyer reiterated the Overweight rating on Kimberly-Clark Corporation (NYSE:KMB), raising the forecast to $174 from $167.
The company said it will issue its second quarter 2024 results on Tuesday, July 23.
The analyst writes that sentiment has been skewing more positively since the first-quarter print, and shares have remained elevated off of pre-call levels.
However, Wolfmeyer highlights that this isn’t about optimistic expectations for exceeding targets. It’s about investors gaining confidence in management’s execution and Kimberly-Clark’s resilience amid a volatile economic environment.
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