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 raises FY15 FORCE cost savings to $350M from $305M Reports savings from 2014 organization restructuring of $20M. Sees FY15 input cost deflation of $100M-$200M. The company said currency drag is expected to have a negative impact on FY15 EPS by more than 20%. The drag on Q2 EPS was approximately 30c per share. Comments taken from Q2 earnings conference call.