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RBC Capital Sticks to Its Hold Rating for Kenvue, Inc. (KVUE)

Tipranks - Tipranks - Fri Apr 10, 8:56PM CDT

RBC Capital analyst Nik Modi maintained a Hold rating on Kenvue, Inc. yesterday and set a price target of $21.00.

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Modi covers the Consumer Defensive sector, focusing on stocks such as PepsiCo, Colgate-Palmolive, and B&G Foods. According to TipRanks, Modi has an average return of -4.8% and a 43.28% success rate on recommended stocks.

In a report released on April 7, UBS also assigned a Hold rating to the stock with a $18.00 price target.

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Based on Kenvue, Inc.’s latest earnings release for the quarter ending December 28, the company reported a quarterly revenue of $3.78 billion and a net profit of $330 million. In comparison, last year the company earned a revenue of $3.66 billion and had a net profit of $293 million

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