Kenvue Investors to Maintain Focus on Strategic Review Process, RBC Capital Says

MT Newswires Live
Aug 05

Kenvue (KVUE) investors are expected to continue to focus on the company's strategic review process and new management strategy, RBC Capital Markets said in an earnings preview Tuesday.

Ahead of the release of Kenvue's Q2 results on Thursday, RBC said it doesn't expect "many surprises" for the period considering the company reported preliminary Q2 results and its board appointed Kirk Perry as interim CEO last month.

The analysts also said they see potential pressure on the company's organic sales guidance for 2025 due to "still muted global category growth," as well as "lofty expectations" for H2.

RBC maintained a sector perform rating on the stock with a $24 price target.

Price: 22.04, Change: -0.14, Percent Change: -0.63

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