Canaccord lowered the firm’s price target on Kenvue (KVUE) to $26 from $29 and keeps a Buy rating on the shares. The firm said the company reported 2Q25 results with sales down -4.0%, which management had previously preannounced. Canaccord believes the company still has work to do in generating brand demand, which has led to a recent management shakeup, including a new interim CEO announced last month and a new CFO joining in May.
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