Health and hygiene products maker Kimberly Clark Corp ( KMB ) on Tuesday caught an upgrade from analysts at Barclays Capital.
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 ( KMB ) 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 ( KMB ) is a "Highly Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.8 out of 5 stars.
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