Deutsche Bank upgraded Catalent on Monday to buy from hold as the company's partnership with Moderna could help it grow market share.
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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