Jefferies Boosts Price Target on VCA Antech (WOOF)

Jefferies analysts raised their price target on VCA Antech (NASDAQ: WOOF) from $20 to $26, while maintaining their HOLD rating.

WOOF reported better than expected numbers this week, but analysts at Jefferies think improvements here are already baked into the stock. The $26 price target is derived using WOOF's 4-year avg. EV/EBITDA multiple of 8.5x.

In a company note, a Jefferies analyst said, “We believe a guidance raise and an increase in WOOF's implied growth rate is necessary for the stock to break out of its $20-$25 trading range.”

For an analyst ratings summary and ratings history on VCA Antech click here. For more ratings news on VCA Antech click here.

Shares of VCA Antech closed at $23.34 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Oracle (ORCL) PT Raised to $250 at UBS Following Q1 Results
• Jersey Mike's Subs (JMKE) PT Raised to $30 at Tigress Financial Partners
• Clear Secure Inc (YOU) PT Lowered to $45 at DA Davidson