Argus Research Reiterates “Buy” Rating on Kimberly Clark; Raises Price Target (KMB)

Analysts at Argus Research maintained a bullish rating on personal care products maker Kimberly Clark Corp (KMB) and raised its price target.

The analysts rate KMB as “Buy” and now see shares reaching $116, up from the previous target of $98. This new target suggests a 10% upside to Monday’s closing price of $105.59. This new target is based on a 20 price-to-earnings expectation.

Kimberly Clark shares were up 38 cents, or +0.36%, during Tuesday morning trading. The stock is up +25.32% year-to-date.

The Bottom Line
Shares of Kimberly Clark (KMB) have a dividend yield of 3.06% based on Tuesday’s intraday trading price of $105.97 and the company’s annualized dividend payout of $3.24 per share.

Kimberly Clark Corp (KMB) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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