Catalent Analysts Raise Their Forecasts Following Acquisition News

On Monday, Catalent, Inc. (NYSE:CTLT) announced it will be acquired by Novo Holdings.

Novo Holdings will acquire all outstanding shares of Catalent for $63.50 per share in cash.

Catalent shares jumped 9.7% to close at $59.82 on Monday.

These analysts made changes to their price targets on Catalent following acquisition news .

  • UBS raised the price target on Catalent from $58 to $63.5. UBS analyst John Sourbeer downgraded the stock from Buy to Neutral.
  • RBC Capital increased Catalent price target from $58 to $63.5. RBC Capital analyst Sean Dodge downgraded the stock from Outperform to Sector Perform.

 

Read More: Ford, Eli Lilly And 3 Stocks To Watch Heading Into Tuesday

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.