Kimberly-Clark (KMB) Target Lowered by Evercore ISI, Entry Point Highlighted

Kimberly-Clark Corporation (NYSE:KMB) ranks among the stocks with low beta that can beat market volatility. On September 22, Evercore ISI maintained its Outperform rating on Kimberly-Clark Corporation (NYSE:KMB), but cut its price target from $155 to $150. Citing effects from pantry loading and marketing delays in North America, the firm lowered its third-quarter sales projections for Kimberly-Clark Corporation (NYSE:KMB) to about 1%, two percentage points below consensus predictions.

Even with the lower sales expectation, Evercore ISI maintained its earnings per share estimates, citing pulp deflation and cost reductions as compensatory factors.

Since Kimberly-Clark Corporation (NYSE:KMB) stock usually does well during regression-to-the-mean trading periods, Evercore ISI suggested that the current price is a viable entry point.

Kimberly-Clark Corporation (NYSE:KMB) is a major American manufacturer that specializes in personal care and hygiene products. The company operates through three primary business segments: Personal Care, Consumer Tissue, and K-C Professional. It sells its products under well-known brand names such as Kleenex, Scott, Cottonelle, DryNites, and Huggies.

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