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Kenvue initiated with an Equal Weight at Barclays
The Fly

Kenvue initiated with an Equal Weight at Barclays

Barclays initiated coverage of Kenvue (KVUE) with an Equal Weight rating and $23 price target The company’s brands, “while storied, have generally been losing share,” the analyst tells investors in a research note. The firm thinks this will take time and expense to remedy, but says Kenvue’s valuation “looks reasonable” at current share levels.

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