Kimberly-Clark (KMB) Target Lowered by Evercore ISI, Entry Point Highlighted

Kimberly-Clark Corporation (NYSE:KMB) ranks among the stocks with low beta that can beat market volatility. On September 22, Evercore ISI maintained its Outperform rating on Kimberly-Clark Corporation (NYSE:KMB), but cut its price target from $155 to $150. Citing effects from pantry loading and marketing delays in North America, the firm lowered its third-quarter sales projections for Kimberly-Clark Corporation (NYSE:KMB) to about 1%, two percentage points below consensus predictions.

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Even with the lower sales expectation, Evercore ISI maintained its earnings per share estimates, citing pulp deflation and cost reductions as compensatory factors.

Since Kimberly-Clark Corporation (NYSE:KMB) stock usually does well during regression-to-the-mean trading periods, Evercore ISI suggested that the current price is a viable entry point.

Kimberly-Clark Corporation (NYSE:KMB) is a major American manufacturer that specializes in personal care and hygiene products. The company operates through three primary business segments: Personal Care, Consumer Tissue, and K-C Professional. It sells its products under well-known brand names such as Kleenex, Scott, Cottonelle, DryNites, and Huggies.

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Disclosure: None. This article is originally published at Insider Monkey.