Analyst corner: Downgrade KMB to ‘neutral’ with TP revised to Rs 1,800

The sharp outperformance in the stock (aided by MSCI inclusion) when seen in the context of growth outlook and return ratios (average RoE of 12.7% over FY21-23E) drives us to downgrade our rating to Neutral

from The Financial Express https://ift.tt/2HJpaTy
https://ift.tt/eA8V8J Motilal Oswal