KMB - Kimberly-Clark's Long Term Outlook Cost Savings Plan Looks Encouraging Analyst Says | Benzinga
Piper Sandler analyst Korinne Wolfmeyer reiterated an Overweight rating on the shares of Kimberly-Clark Corp (NYSE:KMB) and raised the price target from $145 to $152.
KMB is entering a new operating model focused on accelerating innovation across powerhouse brands, optimizing the cost structure, and re-organizing operations into three new business segments.
According to the analyst, about $200 million of selling, general and administrative savings should be realized over the next 2 years which should be reinvested back into the business.
Come of the strategies the company is planning ...