Information Provided By:
Fly News Breaks for May 13, 2015
ZTS, PAHC
May 13, 2015 | 11:35 EDT
Cantor Fitzgerald raised its price target for Phibro Animal Health (PAHC) to $42 from $36 saying the company's valuation should be more in line with industry leader Zoetis (ZTS). Cantor thinks Phibro's growth prospects and operational efficiencies deserve a higher multiple. It reiterates a Buy rating on the stock following the company's Q3 results.