Baird Upgrades Catalent to Outperform, Raises Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Eric Coldwell has upgraded Catalent (NYSE:CTLT) from Neutral to Outperform and increased the price target from $45 to $53, indicating a positive outlook on the company's stock.
November 16, 2023 | 11:00 am
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Catalent's stock rating has been upgraded by Baird from Neutral to Outperform, with a raised price target from $45 to $53, suggesting a bullish view on the stock.
Upgrades by analysts, especially from neutral to outperform, typically indicate an expectation of the stock's performance to improve. The increase in price target further reinforces this positive outlook, which can lead to increased investor confidence and potential short-term price appreciation.
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