Piper Sandler Assumes Coverage of Kimberly-Clark (KMB) Stock, Gives Overweight

Kimberly-Clark Corporation (NASDAQ:KMB) is one of the Best 52-Week Low Blue Chip Stocks to Buy Now. On July 18, Piper Sandler assumed coverage of the company’s stock with an “Overweight” rating and a price objective of $144, as reported by The Fly. As per the firm’s analyst, the company remains well-placed for long-term growth given its exposure to premium personal care categories. Furthermore, the firm sees Kimberly-Clark Corporation (NASDAQ:KMB)’s valuation as undemanding.

Kimberly-Clark Corporation (NASDAQ:KMB) has also announced that it entered into an agreement with Suzano to form a strategic partnership, establishing a preeminent international tissue and professional products company and sharpening Kimberly-Clark Corporation (NASDAQ:KMB)’s emphasis on the higher growth, higher margin businesses. After the completion of the transaction, Kimberly-Clark Corporation (NASDAQ:KMB) will reduce its exposure to more volatile input costs. This will enhance its ability to deliver more predictable and consistent margins and profit growth.

As per Nelson Urdaneta, Kimberly-Clark Corporation (NASDAQ:KMB)’s Chief Financial Officer, the transaction generates immediate returns and long-term shareholder value as the company captures the upside from a healthier international tissue and professional franchise and accelerates growth and innovation.

While we acknowledge the potential of KMB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.