Barclays Cuts Kimberly-Clark (KMB) PT to $99 on Input Cost Pressures

Kimberly-Clark Corporation (NASDAQ:KMB) is included among the 14 Value Stocks with Highest Dividends.

On April 14, Barclays analyst Lauren Lieberman lowered the firm’s price recommendation on Kimberly-Clark Corporation (NASDAQ:KMB) to $99 from $105. It reiterated an Equal Weight rating on the shares. The firm adjusted targets across the consumer staples group as part of its Q1 preview. It said it has “growing caution” on the group heading into earnings, pointing to higher input costs. In food, the analyst also flagged “building concerns” around how sustainable the dividend is for certain companies, according to a research note.

A separate update addressed a fire at a distribution center in Ontario, California, operated by third-party logistics partner NFI Industries. Kimberly-Clark confirmed there were no reported injuries and that all employees at the facility were safely evacuated. The company said it has business interruption and property damage insurance policies in place. No Kimberly-Clark manufacturing assets were affected, and no employees of the company were onsite at the time of the fire. It added that further updates will be provided, if needed, with its next quarterly business update scheduled for April 28.

Kimberly-Clark Corporation (NASDAQ:KMB) is a global company focused on products and solutions for personal care. It operates through two segments: North America and International Personal Care.

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