What To Know About JP Morgan's Downgrade of Catalent
Portfolio Pulse from Benzinga Insights
JP Morgan downgraded its rating of Catalent (NYSE:CTLT) to Neutral with a price target of $45.00, a significant change from its previous price target of $90.00. Shares of Catalent are currently trading up 3.34% at $38.41 per share.
May 22, 2023 | 5:03 pm
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NEUTRAL IMPACT
JP Morgan downgraded Catalent to Neutral with a new price target of $45.00, down from $90.00. Shares are currently trading up 3.34% at $38.41.
JP Morgan's downgrade of Catalent to Neutral and the significant reduction in price target from $90.00 to $45.00 may create uncertainty among investors. However, the stock is currently trading up 3.34% at $38.41, indicating that the market has not reacted negatively to the news. The short-term impact on the stock price is neutral as the downgrade may be balanced by the current positive trading momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100