Kenvue's spinoff from Johnson & Johnson will help the company achieve faster growth, according to JPMorgan analyst Andrea Teixeira.
Kenvue is well-positioned for accelerated growth following its separation from parent company Johnson & Johnson, according to JPMorgan. Following its spinoff earlier in May, Kenvue is the largest pure-play consumer health company in the world. The company holds commonly-known brands such as Neutrogena, Tylenol, Aveeno and Zyrtec — amounting to 10 brands with sales greater than $400 million. Kenvue also has over 37 regional brands.
"As a stand-alone company, we believe Kenvue board and management will be more focused and accountable for the growth and profitability of the business following the separation that began in 2019, with significant opportunities to scale in many adjacencies and markets around the world organically and through tuck-in M & A," Texeira wrote in a Monday note. "We view KVUE as uniquely positioned to benefit from consumer mega trends .
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