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Fly News Breaks for May 23, 2019
PETQ
May 23, 2019 | 07:29 EDT
Guggenheim analyst David Westenberg initiated coverage on 10 companies in animal health, starting PetIQ with a Buy rating and $35 price target. He contends PetIQ "is just too disruptive to sit on the sideline," as consumers want convenience, price, choice, and transparency and "consumers are going to win." PetIQ has the opportunity to participate in a major part of the retail build out of veterinary medicine, Westenberg tells investors.
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