KMB Faces Pressure as Deutsche Bank Cuts Price Target

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

On March 30, Deutsche Bank lowered its price recommendation on Kimberly-Clark Corporation (NASDAQ:KMB) to $109 from $110. It reiterated a Hold rating on the shares. The firm said it is seeing “legitimate and widespread pressures building” across much of the consumer packaged goods sector, linked to the conflict in the Middle East. The analyst noted that stocks in the group underperformed in March, citing cost inflation concerns, the risk of demand weakening as consumers trade down, and unfavorable currency movements.

On March 27, Reuters reported that Britain’s competition watchdog has opened a phase 1 investigation into a $3.4 billion joint venture between Suzano and Kimberly-Clark. The Competition and Markets Authority has set a May 28 deadline to announce its decision following the phase 1 review.

Kimberly-Clark Corporation (NASDAQ:KMB) is a global company focused on products and solutions aimed at personal care. Its operations are organized into the North America and International Personal Care segments.

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