Redburn Atlantic has begun its coverage of Kenvue (KVUE, Financial) by assigning a Neutral rating to the company's stock and setting a price target of $23.50. According to the firm's analysis, Kenvue's initial performance as a publicly traded entity has not met expectations.
Redburn Atlantic's cautious outlook contrasts with more optimistic market predictions. The firm projects that Kenvue will experience stagnant margins and slight earnings declines, suggesting a flat growth trajectory in the near term.
This assessment highlights a more reserved perspective, indicating challenges ahead for Kenvue as it attempts to strengthen its financial position and expand its operations.
