J.P. Morgan Maintains Neutral on Kimberly-Clark (KMB)

J.P. Morgan is out with its report today on Kimberly-Clark KMB, maintaining Neutral. In a note to clients, J.P. Morgan writes, "We rate Kimberly Neutral. KMB is currently trading at a 26% discount vs. its large-cap HPC peers, below its 5-year historical average of a 21% discount as there is some overhang from rising pulp costs and caution regarding volume performance." J.P. Morgan has a $69 PT on KMB. Shares of KMB closed Monday at $65.75.