Catalent cut to neutral at Baird as analyst unable to find valuation in a deal break [Seeking Alpha]
Catalent, Inc. (CTLT)
Last catalent, inc. earnings: 2/3 07:30 am
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investor.catalent.com
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Source: Seeking Alpha
"While we believe CTLT is making organizational progress and FY4Q was sound, we can only model what we see, and we lean toward not recommending CTLT shares at these levels on an independent basis if our current model is directionally accurate," Baird analyst Eric Coldwell wrote in a note earlier on Tuesday. "We still believe the deal should proceed as planned but are derisking our stance in the event it does not." The analyst and some M&A investors have been concerned that the Federal Trade Commission could sue to block the $16.5 billion Catalent ( CTLT ) sale. Catalent ( CTLT ) and Novo Nordisk Foundation received a request for more information from the FTC in May on their planned deal. In February, Catalent said it had agreed to be acquired by Novo Holdings for $63.50 a share. Novo Holdings will then sell three Catalent manufacturing sites to Novo Nordisk ( NVO ), which should help increase production of the company's hugely popular weight-loss drug, Wegovy. "If the deal proc
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CTLT
News
- Catalent, Inc. (NYSE: CTLT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Catalent, Inc. (NYSE: CTLT) was downgraded by analysts at Baird R W from a "strong-buy" rating to a "hold" rating.MarketBeat
- Catalent, Inc. (NYSE: CTLT) had its "neutral" rating re-affirmed by analysts at Robert W. Baird. They now have a $63.50 price target on the stock.MarketBeat
- Asia-Pacific CDMO Market Share Analysis, Industry Trends & Growth Forecasts 2024-2029: Demand For Injectable Dose Formulation is Rising in the Market [Yahoo! Finance]Yahoo! Finance
- Catalent, Inc. (NYSE: CTLT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
CTLT
Earnings
- 8/29/24 - Miss
CTLT
Sec Filings
- 9/27/24 - Form 4
- 9/26/24 - Form 144
- 9/6/24 - Form 10-K
- CTLT's page on the SEC website