KeyBanc Starts Catalent (CTLT) at Overweight
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
KeyBanc initiated coverage on Catalent (NYSE: CTLT) with a Overweight rating and a price target of $29. Analyst Matthew Mishan said he expects investors sentiment to improve.
"Despite some uneven results post IPO, we believe underlying fundamentals are positive and investor sentiment will likely improve through FY17. More specifically: 1) it is differentiated by its scale and expertise in advanced delivery technologies; 2) with Beinheim recovering and Blackstone exiting its final stake, key overhangs are lifting and it could meet/exceed conservative FY17 guidance; 3) there are multiple drivers of LT revenue growth; 4) EBITDA margin appears sustainable LT; and 5) M&A pace and size potentially accelerate," said the analyst.
Shares of Catalent closed at $24.00 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Goldman Sachs Starts Catalent (CTLT) at Neutral
- FBR Capital Cuts Price Target on Express (EXPR) Following 3Q EPS Miss
- BTIG Cuts PT on Workday (WDAY) to $88 Following Q3 Results; Affirms at 'Buy'
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, New Coverage
Related EntitiesKeyBanc, IPO
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!