Deutsche Bank is more bullish on Catalent after the New Jersey-based company expanded its manufacturing partnership with Moderna . Catalent shares were upgraded to buy from hold on Monday, with a price target of $88 per share, Deutsche Bank said. That represents more than 30% upside for investors, based on Monday's closing price of $67.26.
mountain Catalent received an upgrade from Deutsche Bank on Monday from hold to buy with a price target of $88 per share. He added that Catalent stock, which gained 3.6% on the back of the upgrade, has already outperformed the S & P 500 this year with a gain of 49% compared with the key index's 7% advance. Bowers said he anticipates more upside ahead.
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