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As recessionary fears mount and economic growth concerns persist, Atlantic Equities says investors should put their money in resilient consumer names such as Kimberly-Clark . Analyst Edward Lewis upgraded shares of the Huggies and Kleenex maker to overweight, citing an attractive entry point for the stock following the recent market pullback. "At the same time, cost pressures are likely to ease supporting margin expansion and EPS recovery. Lewis also thinks cost pressures from Kimberly-Clark's exposure to pulp, resin and energy, which have hit gross margins, should ease into 2023. Lewis maintained the firm's $135 price target on Kimberly-Clark, suggesting a 21% upside for shares from Tuesday's close despite falling 22% this year.
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