Kimberly Clark upgraded to Neutral from Sell at Goldman Goldman Sachs upgraded Kimberly Clark to Neutral citing sustained international growth and falling pulp prices. The firm keeps a $112 price target for shares.
News For KMB From The Last 14 Days
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Kimberly Clark aims to return 'healthy' amounts of cash to shareholders Kimberly Clark looks to drive long term growth and strengthen the company despite a "difficult" environment. Says looking to return healthy amounts of cash to shareholders in the form of dividends and share repurchases. Aims to increase dividends roughly in-line with earnings. In terms of advertising, the company plans to increase spending faster than sales growth. Says on-track to spin-off healthcare business and create it into an independent publically traded company in Q4. Says aiming for$1.3B-$1.5B in share repurchases in FY14. Expects continued progress going forward in capital improvement. Aims to drive growth in its international business division. Comments made during Barclays Back-To-School conference.