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Fly News Breaks for March 4, 2019
ZTS
Mar 4, 2019 | 06:22 EDT
Stifel analyst Jonathan Block upgraded Zoetis to Buy from Hold and raised his price target for the shares to $110 from $97. The analyst sees accelerating revenue growth in 2020, and possibly again in 2021, as the company's renewed Companion Animal product portfolio takes hold. Further, gross margin expansion and operating expenditure leverage should continue, which may lead to accelerating earnings growth as well, Block tells investors in a research note. He calls Zoetis his favorite name in animal health.
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