Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Salomon Upgrades Kimberly-Clark to 'Outperform'

Salomon Smith Barney upgraded Kimberly-Clark (KMB) to outperform.

Analyst Chip Dillon says his upgrade is due to a sharp stock price decline in recent months. He says that Kimberly-Clark's stock has already discounted an all but draconian change for the worse. Dillon says even if management declares in its Dec. 11 conference call that it sees 2003 earnings per share flat with this year's $3.45 estimate, the stock is attractive at current levels. He notes only a reversal of the company's 25-year "consumer" transformation into the company with declining sales and earnings per share would warrant a lower value.

Dillon notes Kimberly-Clark will benefit in 2003 and 2004 from a potentially lower US$, and expected higher pulp prices.

blog comments powered by Disqus