Deutsche Bank Upgrades Kenvue

Fintel reports that on September 11, 2023, Deutsche Bank upgraded their outlook for Kenvue (NYSE:KVUE) from Hold to Buy.

Analyst Price Forecast Suggests 32.89% Upside

As of August 31, 2023, the average one-year price target for Kenvue is 28.30. The forecasts range from a low of 26.26 to a high of $31.50. The average price target represents an increase of 32.89% from its latest reported closing price of 21.30.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Kenvue is 16,038MM, an increase of 4.01%. The projected annual non-GAAP EPS is 1.29.

What are Other Shareholders Doing?

Price T Rowe Associates holds 26,318K shares representing 1.37% ownership of the company.

Massachusetts Financial Services holds 18,642K shares representing 0.97% ownership of the company.

Wellington Management Group Llp holds 10,603K shares representing 0.55% ownership of the company.

Jane Street Group holds 10,291K shares representing 0.54% ownership of the company.

Putnam Investments holds 9,243K shares representing 0.48% ownership of the company.

This article originally appeared on Fintel

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