Stephens & Co. Reiterates Equal-Weight on Catalent, Maintains $63.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Jacob Johnson reiterated an Equal-Weight rating on Catalent (NYSE:CTLT) and maintained a price target of $63.5. This reaffirms the firm's neutral stance on the stock, suggesting that they believe the stock is fairly valued at its current price level.
April 04, 2024 | 2:26 pm
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NEUTRAL IMPACT
Stephens & Co. analyst Jacob Johnson reiterated an Equal-Weight rating on Catalent and maintained a price target of $63.5, indicating a neutral outlook on the stock.
The reiteration of an Equal-Weight rating and maintenance of the price target by Stephens & Co. suggests that the analyst firm believes Catalent is currently fairly valued. This neutral stance is likely to have a minimal immediate impact on the stock's price, as it does not suggest a significant change in the company's valuation or prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90