Kenvue Inc (KVUE) PT Lowered to $22 at Citi

Citi analyst Filippo Falorni lowered the price target on Kenvue Inc (NYSE: KVUE) to $22.00 (from $24.50) while maintaining a Neutral rating.

The analyst comments "We expect KVUE to remove 2025 guidance given yesterday’s CEO transition & as CFO Amit Banati remains new to the role having joined the business in May. The company’s still outstanding 2025 guidance implies an OSG acceleration in 2H’25. Conceptually, we see risk to the implied acceleration from ongoing US retailer destocking and from a muted sun season. However, we see offsets at the EPS line from now more favorable FX and a smaller tariff cost headwinds from lower China tariffs. In case KVUE decides to update 2025 guidance we would expect a conservative approach with OSG and EPS in the -LSD% range."

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