Barclays initiated coverage of Kenvue (KVUE) with an Equal Weight rating and $23 price target The company’s brands, “while storied, have generally been losing share,” the analyst tells investors in a research note. The firm thinks this will take time and expense to remedy, but says Kenvue’s valuation “looks reasonable” at current share levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KVUE: