Piper Sandler's Kimberly-Clark Kenvue Deal Long-Term Upside View

PARAGRAPH 1 --- Kimberly-Clark Corporation (NYSE: KMB) is set to acquire Kenvue, a personal care company, in a deal expected to close by year-end. Piper Sandler raised its price target on KMB to $121, citing long-term upside from this acquisition. Jim Cramer, on CNBC's Mad Money, highlighted KMB as a defensive holding, noting its sluggish price action in recent years and high-margin potential post-acquisition.

PARAGRAPH 2 --- The consumer staples sector is impacted, with KMB's portfolio of leading brands expanding significantly. Kenvue's addition is expected to drive growth and increase KMB's dividend yield, currently at 4.5%. Piper Sandler's bullish stance suggests a revaluation of KMB's stock, which is trading below its historical average.

PARAGRAPH 3 --- Watch for the Kenvue acquisition to close by the end of 2023. KMB's Q3 2023 earnings, scheduled for late October, will provide insights into the integration progress and potential synergies. Additionally, monitor KMB's stock price action around the $121 price target set by Piper Sandler.