Why Catalent Stock Could Only Inch Higher Today
(NYSE: CTLT) investors are clearly an optimistic bunch, as lately they've been taking not-so-bad-news very positively and trading up the stock. This dynamic was clearly in force on Monday; despite a recommendation downgrade from a leading investment bank, the stock nevertheless rose on the day...if only slightly. It crawled 0.9% higher, which was good enough to match the S 500 index's modest rise.
JPMorgan Chase's (NYSE: JPM) Julia Qin was the person behind the downgrade. She shifted her recommendation on Catalent stock to neutral; previously she ranked it as an overweight (buy, in other words). She also took a giant pair of scissors to her price target, reducing this by exactly 50% to $45 per share.
Catalent has been a troubled company of late, and caution is clearly warranted. Qin is concerned that the company has numerous accounting issues, and that its recent operational adjustments are only slight.
Source Fool.com
Catalent Inc. Stock
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Catalent Inc. stock is not clear.
With a target price of 55 € there is a slightly positive potential of 3.31% for Catalent Inc. compared to the current price of 53.24 €.
