Kimberly Clark Upgraded to “Buy” at Argus Research (KMB)


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Health and hygiene products maker Kimberly Clark Corp. ( KMB ) on Friday caught a big upgrade from analysts at Argus Research.

The firm boosted its rating on KMB from "Hold" to "Buy" with a $92 price target, suggesting a 14% upside to the stock's Thursday closing price of $80.71. Argus noted the company is a market leader in the personal products space, and emerging markets growth could be a catalyst to drive higher EPS.

Kimberly Clark shares rose 39 cents, or +0.5%, in premarket trading Friday.

The Bottom Line
Shares of Kimberly Clark ( KMB ) have a 3.67% dividend yield, based on last night's closing stock price of $80.71. We have been recommending shares of Kimberly Clark ( KMB ) since July 23, 2009, when the shares were trading at $54.46.

Kimberly Clark Corp. ( KMB ) is a "Recommended" dividend stock, holding a DARS™ Rating of 3.5 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 .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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