Kimberly-Clark Corporation (KMB) shareholders have approved the acquisition of Kenvue, forming a combined health and wellness company. This merger will integrate KMB’s brands like Huggies and Kotex with Kenvue’s Aveeno, Band-Aid, and Tylenol. However, Evercore ISI has lowered KMB’s price target due to concerns over stiff competition in the US diaper market, particularly after the end of exclusivity at Costco and increased competition from Walmart.
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Kimberly-Clark Corporation (KMB) Receives Boost on Kenvue Acquisition Push as Evercore ISI Warns of Competition Pressure
Kimberly-Clark Corporation (KMB) shareholders have approved the acquisition of Kenvue, forming a combined health and wellness company. This merger will integrate KMB’s brands like Huggies and Kotex with Kenvue’s Aveeno, Band-Aid, and Tylenol. However, Evercore ISI has lowered KMB’s price target due to concerns over stiff competition in the US diaper market, particularly after the end of exclusivity at Costco and increased competition from Walmart.