JP Morgan Maintains Overweight on Kenvue, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira maintains an Overweight rating on Kenvue (NYSE:KVUE) but lowers the price target from $25 to $24.

February 09, 2024 | 9:23 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
JP Morgan maintains an Overweight rating on Kenvue but lowers the price target from $25 to $24.
While the maintenance of an Overweight rating by JP Morgan suggests continued confidence in Kenvue's fundamentals and growth prospects, the reduction in the price target could signal a slight adjustment in expectations regarding the company's future performance. This mixed signal might lead to a neutral short-term impact on Kenvue's stock price as investors digest both the continued endorsement and the tempered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100