Craig-Hallum analyst Kevin Ellich remains a buyer of Zoetis following the minor pullback on mostly in-line Q2 results. The analyst thinks the stock pulled back due to relatively high companion animal expectations, coupled with commentary around gross margins that caused some investor concerns. Nonetheless, he believes the setup in the second half of 2017 is good with easier year over year comparisons and Zoetis' longer-term outlook remains unchanged. Ellich reiterates a Buy rating on the stock, while raising his price target on the shares to $70 from $66.