By: Benzinga
UPDATE: Bank of America Downgrades Kimberly Clark to Neutral on Fair Valuation
In a report published Monday, Bank of America analyst Christopher Ferrara downgraded the rating on Kimberly Clark Corp. (NYSE: KMB ) from Buy to Neutral, but raised the price target from $106.00 to $108.00. In the report, Ferrara noted, “We remain bullish on growth prospects, but are maintaining valuation discipline
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