"Citi predicts strong performance for Kenvue stock post-exchange offer completion"

Citi expects Kenvue shares to outperform after its split from parent company Johnson & Johnson, citing a return to trading based on fundamentals. The investment bank anticipates additional volatility during the averaging period as event-driven funds adjust their positions post-close. Citi also sees potential benefits from index-fund demand as Kenvue is set to join the S&P500 index. The bank has a price target of $26 for Kenvue stock.