Kimberly-Clark's Q3 revenue falls short, but EPS exceeds expectations; analyst Bonnie Herzog maintains Buy rating with $152 target.
Goldman Sachs analyst Bonnie Herzog maintains a Buy rating on Kimberly-Clark (KMB), forecasting a target price of $152. Despite Q3 revenue falling short at $4.95 billion, adjusted earnings per share hit $1.83, exceeding expectations. The company has lowered its full-year organic net sales growth outlook to 3-4% due to consumers choosing cheaper alternatives. KMB's management aims for margin expansion and improved execution through a recent organizational restructure.
October 22, 2024
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