Deutsche Bank says the overselling in Kenvue stock could present an attractive entry point for investors.
The firm upgraded shares of the Johnson & Johnson spinoff to buy in a Sunday note, albeit with an unchanged $27 per share price target.
Deutsche Bank's forecast implies nearly 27% upside from Friday's $21.30 close.
Kenvue stock has slipped more than 15% since going public in May.
KVUE YTD mountain Kenvue stock has slipped more than 15% since May.
Persons:
Johnson, J, Steve Powers, Powers, — CNBC's Michael Bloom
Organizations:
Deutsche Bank, Deutsche, KVUE