UPDATE: KeyBanc Downgrades Catalent (CTLT) to Sector Weight

(updated to expand analyst comment)

KeyBanc downgraded Catalent (NYSE: CTLT) from Overweight to Sector Weight.

Analyst Matt Mishan removes the $39.00 price target citing a "big shift" in investor sentiment over the past year is now reflected in the current valuation. The analyst believes the business can be steady but has heightened concern when it comes to quarterly volatility in FY 2018 as the company comes off strong results in H2 17 which he thinks are unsustainable.

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 $41.35 yesterday.

You May Also Be Interested In

• BMO Capital Reiterates Market Perform Rating on Norwegian Cruise (NCLH)
• Raymond James Starts Old Second Bancorp (OSBC) at Outperform
• Raymond James Starts German American Bancorp Inc. (GABC) at Market Perform