Catalent price target raised to $79 from $65 at Deutsche Bank

Deutsche Bank analyst Justin Bowers raised the firm’s price target on Catalent to $79 from $65 and keeps a Hold rating on the shares. The analyst sees the company’s Q2 results as a positive inflection and investors underwriting or considering underwriting the stock will note the company’s focus on execution and increasing transparency. This signals that management is taking accountability and ownership of issues and headlines contributing to the stock’s volatility in CY22, the firm says.