Bernstein Initiates Coverage On Kenvue with Underperform Rating, Announces Price Target of $18
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Callum Elliott initiates coverage on Kenvue (NYSE:KVUE) with an Underperform rating and a price target of $18.
April 11, 2024 | 9:27 am
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Bernstein initiated coverage on Kenvue with an Underperform rating and a price target of $18.
The initiation of coverage by Bernstein with an Underperform rating and a specific price target of $18 suggests a bearish outlook on Kenvue's stock. This could lead to negative investor sentiment and potentially lower stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100