Kimberly-Clark Started as a “Hold” at Jefferies & Co. (KMB)

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Health and hygiene products maker Kimberly-Clark Corporation ( KMB ) on Tuesday saw its coverage initiated with a "Hold" rating by analysts at Jefferies & Co.

The firm also set a $67 price target on KMB, which implies an 8% upside to the stock's Monday closing price of $62.18.

A Jefferies analyst commented, "While KMB has undergone an impressive transition from a vertically integrated paper manufacturer to a world-class branded Consumer Packaged Goods (CPG) company, we believe a transformational acquisition to diversify from its commodity-based paper products portfolio is needed to bring the multi-year transition all the way home."


Kimberly-Clark shares were mostly flat in premarket trading Tuesday.

The Bottom Line
We have been recommending shares of Kimberly Clark ( KMB ) since July 23, 2009, when the stock was trading at $54.46. The company has a 4.25% dividend yield, based on last night's closing stock price of $62.18.

Kimberly-Clark Corporation ( KMB ) is a "Recommended" dividend stock, holding a Dividend.com 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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: KMB

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