Health and hygiene products maker Kimberly Clark Corp (
) on Tuesday caught an upgrade from analysts at Barclays
The firm said it boosted its rating on KMB from "Underweight" to
"Equalweight" while lifting its price target from $60 to $69. That
new target suggests a small 5% upside to the sotck's Monday closing
price of $65.77.
Kimberly Clark shares, which have risen more than 4%
year-to-date, were mostly flat in premarket trading Tuesday.
The Bottom Line
We have been recommending shares of Kimberly Clark (
) since July 23, 2009, when the stock was trading at $54.46. The
company has a 4.26% dividend yield, based on last night's closing
stock price of $65.77.
Kimberly Clark Corp (
) is a "Highly Recommended" dividend stock, holding a
Dividend.com DARS™ Rating of 3.8 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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