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UPDATE: Jefferies Lowers PT on Zoetis on Challenges Ahead

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In a report published Friday, Jefferies analyst Jeffrey Holford reiterated a Buy rating on Zoetis (NYSE: ZTS), but lowered the price target from $40.00 to 39.00.

In the report, Jefferies noted, “Rising rate expectations had the expected impact on the sector, which has been driven by income investors over the past two years. Q2'13 earnings look tough in this context and we expect most companies to see some pressure. Novartis, Sanofi, Roche, Abbott, AbbVie and Bayer remain high conviction Buy ideas. We have downgraded Bristol-Myers and Pfizer to Hold in this report as part of our update today.”

Zoetis closed on Thursday at $30.92.

Latest Ratings for ZTS

DateFirmActionFromTo
Aug 2019MaintainsHold
Jul 2019MaintainsBuy
Jul 2019DowngradesBuyNeutral

View More Analyst Ratings for ZTS
View the Latest Analyst Ratings

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

 

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Latest Ratings

StockFirmActionPT
DEReiterates175.0
AMWDMaintains92.0
FTDRMaintains55.0
REDUDowngrades
ZSDowngrades
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