Morgan Stanley Maintains Overweight on Catalent, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Tejas Savant maintains an Overweight rating on Catalent (NYSE:CTLT) but lowers the price target from $85 to $50.
May 22, 2023 | 3:18 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Overweight rating on Catalent (NYSE:CTLT) but lowers the price target from $85 to $50.
Morgan Stanley's lowered price target on Catalent may cause short-term uncertainty among investors, but the maintained Overweight rating suggests that the analyst still believes in the company's potential for growth. The impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100