Goldman Sachs Maintains Neutral on Kenvue, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bonnie Herzog maintains a Neutral rating on Kenvue (NYSE:KVUE) and lowers the price target from $26 to $20.
March 04, 2024 | 2:31 pm
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Goldman Sachs maintains a Neutral rating on Kenvue and reduces the price target from $26 to $20.
The reduction in price target by a significant margin from $26 to $20 by Goldman Sachs, a major financial institution, suggests a bearish outlook on Kenvue's short-term price movement. This adjustment reflects potential concerns or revised expectations about the company's future performance, which could lead to decreased investor confidence and a downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100