UPDATE: Barrington Downgrades VCA Antech to Market Perform Awaiting Pullback

In a report published Tuesday, Barrington Research analyst Charley Jones downgraded the rating on VCA Antech

from Outperform to Market Perform, but reiterated the $26.00 price target. In the report, Jones noted, “We continue to like the WOOF story longer term given current valuation levels and continued strength of the pet market despite economic softness. WOOF has proven an ability to treat pets on a cost effective basis and grow through acquisition. Once again, we would prefer to wait for time to pass or roughly a 10% pullback before contributing new capital.” VCA Antech closed on Monday at $25.07.