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UPDATE: Jefferies Lowers PT on Zoetis Following SOTP Analysis

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In a report published Tuesday, Jefferies analyst Jeffrey Holford reiterated a Buy rating on Zoetis (NYSE: ZTS), but lowered the price target from $41.00 to $40.00.

In the report, Jefferies noted, “As the Pharmaceuticals Industry looks towards restructuring and separation of undervalued assets we have prepared a highly proprietary sum of the parts analysis for our coverage universe to find the best opportunities. As a result we have upgraded Bayer and Merck & Co. to Buy from Hold and Eli Lilly to Hold from U/P, though it remains our least preferred stock. Novartis and Abbott are now our Top European and US picks respectively.”

Zoetis closed on Friday at $33.46.

Latest Ratings for ZTS

DateFirmActionFromTo
Mar 2021Raymond JamesUpgradesMarket PerformOutperform
Mar 2021B of A SecuritiesUpgradesNeutralBuy
Feb 2021Credit SuisseMaintainsOutperform

View More Analyst Ratings for ZTS
View the Latest Analyst Ratings

 

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Posted-In: Jefferies Jeffrey HolfordAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
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