Kimberly-Clark May Sell Assets to Save Its $40 Billion Kenvue Deal: Report
Kimberly-Clark prepares EU concessions to win approval for its $40B Kenvue deal, following Australian divestiture demands.
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B of A Securities analyst Anna Lizzul maintains Kimberly-Clark (NASDAQ:KMB) with a Buy and lowers the price target from $122 to $120.
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Kimberly-Clark prepares EU concessions to win approval for its $40B Kenvue deal, following Australian divestiture demands.
Kenvue (KVUE) is highlighted as a smart high-yield dividend stock with a 4.68% dividend yield and 64 consecutive years of dividend increases, making it a Dividend King. The company, spun off from Johnson & Johnson three years ago, generates steady revenue from recession-resilient consumer healthcare brands like Tylenol and Neutrogena. However, uncertainty exists due to a pending acquisition by Kimberly-Clark (KMB), another Dividend King with a 5.23% yield.
CNBC traders picked Freeport-McMoRan, iShares Energy ETF, Delta Air Lines and Kimberly-Clark as final trades, citing earnings, energy, travel and yield.