Market Overview

UPDATE: Stifel Nicolaus Initiates VCA Antech at Hold on Market Share Concerns

Related WOOF
VCA Partners with Miranda Lambert's MuttNation Redemption Ranch with Complimentary Healthy Start Certificates for Adopting Families
Benzinga's Volume Movers
Dogfight Brewing as M&A Heats Up in Pet Care (Fox Business)

Stifel Nicolaus initiated coverage on VCA Antech (NASDAQ: WOOF) with a Hold rating.

Stifel Nicolaus noted, "Valuation is tempting - VCA is trading slightly below its 3 and 5-year NTM P/E averages – but we initiate with a Hold rating due to our belief that VCA's issues extend beyond that of just the economy. Notably we highlight: (1) VCA share losses in the hospital market; (2) why long-term challenges at the reference lab will likely persist; and 3) a sum of the parts analysis which yields a $21-23 stock, largely in-line with the current stock price."

VCA Antech closed at $19.72 on Wednesday.

Latest Ratings for WOOF

DateFirmActionFromTo
Jul 2014Raymond JamesMaintainsOutperform
Jul 2014Stifel NicolausUpgradesSellHold
Jun 2014GARP ResearchDowngradesBuyNeutral

View More Analyst Ratings for WOOF
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (WOOF)

Around the Web, We're Loving...

Get Benzinga's Newsletters