Starboard CEO Jeff Smith Says Kenvue Well-Positioned, But Not Performing Well; There Are Sign They Are Going On Right Direction; Should Be Marketing Focused Company
Portfolio Pulse from Benzinga Newsdesk
Starboard CEO Jeff Smith commented on Kenvue's current performance, stating that while the company is well-positioned, it is not performing well. However, there are signs of improvement, and Smith suggests that Kenvue should focus more on marketing.
October 22, 2024 | 1:57 pm
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NEUTRAL IMPACT
Kenvue is not performing well currently, but there are signs of improvement. Starboard CEO Jeff Smith suggests a focus on marketing to enhance performance.
The news highlights Kenvue's current underperformance but also notes potential for improvement. The recommendation to focus on marketing could lead to positive changes, but the immediate impact on stock price is neutral as the changes are not yet implemented.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100