Piper Sandler Raises Kimberly-Clark (KMB) Price Target, Sees Long-Term Upside from Kenvue Deal

Kimberly-Clark Corporation (NASDAQ:KMB) is included among the Dividend Stock Portfolio: Top 10 Stocks to Buy According to Reddit.

Piper Sandler Raises Kimberly-Clark (KMB) Price Target, Sees Long-Term Upside from Kenvue Deal

On June 17, Piper Sandler raised its price recommendation on Kimberly-Clark Corporation (NASDAQ:KMB) to $121 from $115. It reiterated an Overweight rating on the stock. The firm said that potential benefits from Kimberly-Clark’s deal with Kenvue (KVUE) are unlikely to be reflected in results until 2028. Even so, Piper Sandler believes the upside could be meaningful over time. For now, the firm continues to model only Kimberly-Clark’s legacy business because pro-forma segment details have not yet been provided.

During the company’s first-quarter 2026 earnings call, Chairman and CEO Michael Hsu said Kimberly-Clark continued to gain market share across its key categories, including Baby Care, Women’s Health, and Active Aging. He also noted that the company’s second-quarter product launch schedule would be one of the busiest in its history. Hsu added that Kimberly expects to integrate Kenvue’s brands and businesses into its existing operating model without major disruption.

Senior Vice President and CFO Nelson Urdaneta said the fire at the company’s California distribution center is expected to reduce second-quarter revenue by about $20 million. He also said second-quarter earnings are projected to face an estimated $50 million impact from inflationary pressures linked to the Middle East conflict, as well as costs related to the fire.

Looking to the second half of the year, Urdaneta stated that if oil prices average around $100 per barrel, Kimberly-Clark could see additional gross input cost pressures of roughly $150 million to $170 million.

Kimberly-Clark Corporation (NASDAQ:KMB) is a global consumer products company focused on delivering products and solutions that improve care. The company operates through its North America and International Personal Care segments.

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