B of A Securities Maintains Underperform on Catalent, Raises Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Derik De Bruin maintains an 'Underperform' rating on Catalent (NYSE:CTLT) and raises the price target from $39 to $46.
August 31, 2023 | 3:45 pm
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NEGATIVE IMPACT
B of A Securities maintains an 'Underperform' rating on Catalent and raises the price target from $39 to $46.
The 'Underperform' rating suggests that the analyst expects Catalent's stock to do worse than the market average. However, the raised price target indicates a higher valuation for the company, which could potentially attract investors. The net impact is likely to be negative in the short term due to the 'Underperform' rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100