Barclays Maintains Overweight Rating for Catalent: Here's What You Need To Know

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Barclays has decided to maintain its Overweight rating of Catalent CTLT and lower its price target from $62.00 to $58.00.

Shares of Catalent are trading down 3.19% over the last 24 hours, at $50.91 per share.

A move to $58.00 would account for a 13.92% increase from the current share price.

About Catalent

Catalent is a contract development and manufacturing organization, or CDMO. It operates under four segments: biologics, softgel and oral technologies, oral and specialty delivery, and clinical supply services. Catalent derives its revenues primarily from long-term supply agreements with pharmaceutical customers. The company provides a range of development and manufacturing solutions for drugs, protein-based biologics, cell and gene therapies, and consumer health products throughout the entire life cycle of a product from the drug development process to commercial supply. Catalent has over 50 facilities across four continents.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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