Kimberly Clark downgraded to Hold from Buy at Argus Argus downgraded Kimberly Clark based on valuation, foreign exchange headwinds and higher commodity costs. The firm also removed the stock from its Focus List.
Kimberly-Clark expects restructuring to be completed by end of 2016 Total costs are anticipated to be $130M-$160M after tax. Cumulative pre-tax savings from the restructuring are expected to be $120M-$140M by the end of 2017. First quarter 2015 restructuring costs were $5M after tax, bringing cumulative costs to $100M after tax. First quarter 2015 savings were $10M, bringing cumulative savings to $15M.