Wells Fargo lowered its Kimberly-Clark (KMB) price target to $105. The previous price target was $110. The bank maintained an Equal Weight rating due to an uncertain earnings outlook. Analysts identified rising North American competition and significant challenges in China as primary concerns. Management comments suggest new headwinds for the third quarter. A 2026 guidance cut is now considered plausible.
The California State Teachers Retirement System increased its stake in the company by 11,088.4%. This acquisition occurred during the second quarter. The pension fund purchased 42.8 million additional shares. CalSTRS now owns approximately 12.99% of the company. The total position is valued at $4.74 billion.
Kimberly-Clark shares opened lower following a recent earnings report. Both revenue and earnings per share fell short of analyst expectations.