Kenvue Set for 'Muted' Q4 Amid Difficult Environment, Tylenol Pressure, RBC Says

MT Newswires Live01-24

Kenvue (KVUE) is set to report a "muted" Q4, as the environment remains difficult and the company deals with share pressure in Tylenol and its Skin Health & Beauty brand, RBC Capital Markets analysts said in a Friday note.

The company has not disclosed the release date for its Q4 financial results.

Analysts said that while fundamentals remain difficult, Kenvue will benefit from lapping a soft US cold and flu season a year earlier and temporary market disruptions in the Asia Pacific region.

RBC said that while the flu season picked up later in Q4, it is unlikely to provide a material benefit to the company, as it was late in the quarter.

Regarding litigation surrounding Tylenol's alleged links to autism when used during pregnancy, experts believe that a remand to the lower court is the most likely outcome, analysts said.

RBC has a sector perform rating and a $21 price target on the stock.

Price: 17.72, Change: -0.03, Percent Change: -0.16

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