JP Morgan Downgrades Catalent to Neutral, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tycho Peterson downgraded Catalent (NYSE:CTLT) from Overweight to Neutral and lowered the price target from $90 to $45.

May 22, 2023 | 10:23 am
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NEGATIVE IMPACT
Catalent downgraded to Neutral by JP Morgan analyst Tycho Peterson, with a reduced price target of $45 from $90.
The downgrade from Overweight to Neutral and the significant reduction in price target by JP Morgan analyst Tycho Peterson may negatively impact Catalent's stock price in the short term, as investors may perceive this as a sign of reduced growth potential or increased risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100