Piper Sandler raised its price target on Kimberly-Clark to $121 from $115 while reiterating an Overweight rating. The firm noted that potential benefits from the Kenvue deal are unlikely to appear in results until 2028 but could be meaningful over time. For now, Piper Sandler models only the legacy business because pro-forma segment details have not been provided. During the first-quarter 2026 earnings call, Chairman and CEO Michael Hsu said the company continued to gain market share in Baby Care, Women's Health, and Active Aging, and that the second-quarter product launch schedule would be one of the busiest in its history. CFO Nelson Urdaneta said a fire at the California distribution center is expected to reduce second-quarter revenue by about $20 million, with second-quarter earnings facing an estimated $50 million impact from Middle East conflict-related inflation and fire costs. Looking to the second half, Urdaneta stated that if oil prices average around $100 per barrel, Kimberly-Clark could see additional gross input cost pressures of roughly $150 million to $170 million.
Kimberly-Clark CorporationPiper Sandler raised price target to $121 and reiterated Overweight rating, citing long-term upside from Kenvue deal.
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