Piper Sandler Initiates Coverage On Kenvue with Neutral Rating, Announces Price Target of $20
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Korinne Wolfmeyer has initiated coverage on Kenvue (NYSE:KVUE) with a Neutral rating and set a price target of $20 for the company's stock.
November 17, 2023 | 9:51 am
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NEUTRAL IMPACT
Kenvue received a Neutral rating from Piper Sandler with a price target of $20, indicating a balanced view on the stock's potential.
The initiation of coverage by Piper Sandler with a Neutral rating suggests that the analyst sees the stock as fairly valued at its current price. The price target of $20 provides a reference point for investors but does not imply significant upside or downside, hence the neutral impact score. The relevance is high as the news is directly about Kenvue, and the importance is significant as analyst ratings can influence investor perception and stock price. The confidence level is high due to the direct mention of Kenvue and the clear stance taken by the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100