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ZTS

Zoetis

$88.90

1.84 (2.11%)

04:59
10/15/18
10/15
04:59
10/15/18
04:59

Zoetis upgraded to Overweight from Neutral at JPMorgan

JPMorgan analyst Christopher Schott upgraded Zoetis to Overweight and raised his price target for the shares to $100 from $84. The company's above market growth looks "highly sustainable," Schott tells investors in a research note.

  • 01

    Nov

ZTS Zoetis
$88.90

1.84 (2.11%)

10/12/18
CHLM
10/12/18
INITIATION
Target $33
CHLM
Hold
Elanco initiated with a Hold at Craig-Hallum
Craig-Hallum analyst Kevin Ellich initiated Elanco Animal Health (ELAN) with a Hold rating and $33 price target. While Elanco is well positioned to expand gross margin by about 10 percentage points over the next five years which will drive mid-teens operating income growth and Ellich likes the company's focus on pet therapeutics and disease prevention as well as food animal future protein and health, he believes shares are fairly valued trading at ~19x FY20 EV/EBITDA, which is an 8% premium to industry leader Zoetis (ZTS). With shares up 35% from the September 19 IPO price of $24, the analyst tells investors in a research note that he looks to get more positive on pullbacks, improved liquidity as Eli Lilly (LLY) still owns 80% of Elanco stock, and improved visibility on longer-term growth drivers that could lead to upside to his projections.
09/26/18
BMOC
09/26/18
INITIATION
Target $33
BMOC
Market Perform
Elanco initiated with a Market Perform at BMO Capital
BMO Capital analyst Alex Arfaei initiated Elanco (ELAN) with a Market Perform rating and a price target of $33, saying the company's valuation "overlooks execution uncertainty". The analyst notes that the market assigns Elanco the same multiple as that of Zoetis (ZTS), but sees some "important differences" between the two in terms of growth potential and sales mix, with Elanco having more uncertainty on R&D productivity and core business elements. Arfaei further states that while "noone wants to miss the next Zoetis", gross margin expansion at Elanco will be gradual.
08/22/18
STFL
08/22/18
DOWNGRADE
STFL
Hold
Stifel downgrades Zoetis to Hold with shares at 'peak relative valuation'
Stifel analyst Jonathan Block downgraded Zoetis to Hold from Buy with an unchanged price target of $95. The animal health company closed yesterday down 8c to $92.09. While management execution has been "near flawless," a greater percentage of Zoetis' revenue growth now comes from a smaller number of therapeutics, Block tells investors in a research note. These therapeutics may not be approaching peak sales, but their contribution to growth likely diminishes going forward, the analyst adds. Further, he believes a "material product cycle" is likely 18 months away and that shares of Zoetis are trading at "peak relative valuation." Relative to the S&P 500, the stock is trading at a 57% premium versus its three year average of 37%, Block contends.
08/21/18
STFL
08/21/18
DOWNGRADE
STFL
Hold
Zoetis downgraded to Hold from Buy at Stifel

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IRM

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AMZN

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NBEV

New Age Beverages

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GM

General Motors

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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PLAN

Anaplan

$44.40

-3.33 (-6.98%)

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MCK

McKesson

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Teva

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United Airlines

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BAC

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ALXN

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WB

Weibo

$52.17

2.85 (5.78%)

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Weibo call volume above normal and directionally bullish »

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APHA

Aphria

$5.00

-0.41 (-7.58%)

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  • 12

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NOW

ServiceNow

$251.40

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AVD

American Vanguard

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HOV

Hovnanian

$28.26

2.2 (8.44%)

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OMI

Owens & Minor

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FIT

Fitbit

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GM

General Motors

$37.17

0.9 (2.48%)

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  • 29

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PDCO

Patterson Companies

$17.42

0.09 (0.52%)

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$62.68

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PDCO

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HSIC

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HSIC

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XLF

Financial Select Sector

$28.06

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IRBT

iRobot

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  • 23

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RNET

RigNet

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ATNI

ATN International

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  • 24

    Oct

AGYS

Agilysys

$25.64

-0.67 (-2.55%)

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