RBC Capital Downgrades Kenvue to Sector Perform, Announces $24 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded Kenvue (NYSE:KVUE) from Outperform to Sector Perform, setting a price target of $24.
September 24, 2024 | 10:13 am
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RBC Capital has downgraded Kenvue from Outperform to Sector Perform, with a new price target of $24. This downgrade may influence investor sentiment and could lead to short-term price adjustments.
The downgrade from Outperform to Sector Perform by RBC Capital suggests a less optimistic view on Kenvue's future performance. The $24 price target indicates a specific valuation expectation, which may lead to a negative short-term impact on the stock price as investors adjust their positions based on this new information.
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