UPDATE: Goldman Sachs Starts Catalent (CTLT) at Neutral

December 1, 2016 6:31 AM EST
Get Alerts CTLT Hot Sheet
Price: $26.58 +0.15%

Rating Summary:
    6 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 17 | New: 10
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(Updated - December 1, 2016 10:12 AM EST)

Goldman Sachs initiated coverage on Catalent (NYSE: CTLT) with a Neutral rating and a price target of $25. Analyst Stephan Stewart sees a lack of catalysts.

"While we view CTLT’s broad scale and stable contract manufacturing algorithm as a source of earnings support, we see limited scope of outsized organic upside and limited balance sheet flexibility at current leverage (4.1x). We therefore do not expect meaningful multiple expansion versus peers," said Stewart.

For an analyst ratings summary and ratings history on Catalent click here. For more ratings news on Catalent click here.

Shares of Catalent closed at $23.93 yesterday.

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