Citi on Kenvue Inc (KVUE): 'We expect a positive reaction today to the news'

Citi analyst Filippo Falorni reiterated a Neutral rating and $24.50 price target on Kenvue Inc (NYSE: KVUE).

The analyst comments "This morning KVUE announced CEO Thibaut Mongon has departed the company and stepped down from the board, with Kirk Perry named interim KVUE CEO effective immediately. KVUE announced the Board has initiated a comprehensive review of strategic alternatives and has established a Strategic Review Committee to oversee the ongoing process. KVUE indicated: “The strategic review will consider a broad range of potential alternatives, including optimizing the company’s brand portfolio, while improving execution and enhancing operating performance to accelerate profitable growth and unlock the inherent value in Kenvue.” KVUE also announced preliminary 2Q’25 results, including net sales down -4.0% (vs. -1.6% cons.), -4.2% OSG (vs. -0.5% VA cons.), and adj. EPS of $0.28-$0.29 (vs. $0.28 cons.). KVUE will report full 2Q’25 results on August 7th. We expect a positive reaction today to the news."

For an analyst ratings summary and ratings history on Kenvue Inc click here. For more ratings news on Kenvue Inc click here.

Shares of Kenvue Inc closed at $21.34 yesterday.

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