Kenvue court ruling best case scenario and a win, says Canaccord

Canaccord analyst Susan Anderson noted Kenvue recieved a positive court ruling in a case where the judge issued an order to exclude the plaintiff’s expert opinions. Canaccord said this is the best-case scenario and a win for Kenvue and willl now allow the company turn its focus toward executing its strategy of recapturing market share, driving manufacturing and supply chain efficiency, and a focus on launching innovative products. Canaccord maintains its Buy rating and $27 price target on Kenvue shares.