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 23, 2023 | 11:43 am
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Morgan Stanley maintains an Overweight rating on Catalent (NYSE:CTLT) but lowers the price target from $85 to $50.
The news of Morgan Stanley maintaining an Overweight rating on Catalent indicates a positive outlook for the company. However, the lowering of the price target from $85 to $50 may create uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100