Recently, multiple major investment firms increased their positions in Catalent, Inc. (CTLT), notably, SG Americas Securities and the Norden Group. Despite a Q3 earnings miss, Catalent also reported gross margins. A key development was the company's $16.5B acquisition by Novo Holdings, which created a jump in the CTLT stock by 10%. Royal Bank of Canada reaffirmed a “Sector Perform” rating for Catalent. However, shareholders experienced a loss of 47% if they had invested three years earlier. The Novo Holdings buyout has seen various responses from financial market watchdogs. For instance, Robbins LLP started an investigation into this acquisition. The Federal Trade Commission (FTC) also requested additional information. A significant setback was the delay of its first-quarter results. However, this did not prevent Barclays from raising Catalent's price target to $63.00, indicating confidence in the stock's growth. Amid these developments, Investor Elliott has undertaken a hefty share in Catalent. There are suspicions of a potential acquisition by Danaher. Catalent has also committed to reducing its greenhouse gas emissions by 2030.
Catalent CTLT News Analytics from Fri, 20 Jan 2023 08:00:00 GMT to Sun, 14 Jul 2024 19:19:34 GMT -
Rating 7
- Innovation -3
- Information 6
- Rumor -6
