BMO Capital Markets Reiterates Underperform Rating, $30 PT on Zoetis on Avian Flu Scare

In a report published Friday, BMO Capital Markets analyst Alex Arfaei reiterated an Underperform rating and $30.00 price target on Zoetis ZTS. In the report, Arfaei noted, “Shares of Zoetis are weak today in part related to the 14 human cases of the H7N9 virus, an unusual strain of bird flu that has so far killed six people in China, which has in turn led the Chinese authorities to kill more than 20,000 birds from a live-poultry trading zone. Shanghai will temporarily close all its live poultry markets starting Saturday.” Zoetis closed on Thursday at $31.84.