Kenvue's stock reached a new 1-year low after Citigroup downgraded its price target.

Kenvue (NYSE:KVUE) reached a new 1-year low following Citigroup's downgrade of its price target from $21.00 to $20.00. The stock traded at $17.74 after hitting a low of $17.72, with 11.36 million shares traded. Analysts from William Blair, HSBC, and Sanford C. Bernstein have also commented on Kenvue, with ratings ranging from "market perform" to "underperform."