Piper Sandler raised its price target on Kimberly-Clark Corporation to $121 from $115 while maintaining an Overweight rating. The firm cited manageable cost headwinds supported by solid productivity gains and a recent drop in oil prices. The new target reflects a multiple of approximately 16 times 2027 expected earnings per share, up from 15 times. Piper Sandler also noted expanded June merchandising and expects innovation to pick up in the latter half of 2026. The firm anticipates $150 million to $170 million in additional gross inflation assuming oil at $100 per barrel, compared with $80 currently, and said upside from the KVUE transaction will not be realized until 2028.
Kimberly-Clark CorporationPiper Sandler raised price target and maintained Overweight rating, citing productivity gains and manageable cost headwinds.