Zoetis (ZTS): Expecting A Sharper Capital Focus Under New CFO - Jefferies

August 23, 2016 8:15 AM EDT
Get Alerts ZTS Hot Sheet
Price: $51.89 +0.41%

Rating Summary:
    12 Buy, 6 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
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Jefferies analyst, Jeffrey Holford, reiterated his Buy rating on shares of Zoetis Inc. (NYSE: ZTS) after he had the opportunity to speak with ZTS' new CFO, Glenn David, following the company's announcement of his appointment.

The analyst believes that "Mr. David has been an integral part of the ZTS executive team and is well-prepared for a smooth transition into his new role. Whilst reporting transparency and a strong appetite for M&A and share repurchases are expected to remain unchanged, we expect a sharper focus on working capital management under Mr. David".

No change to the price target of $60.00

For an analyst ratings summary and ratings history on Zoetis Inc. click here. For more ratings news on Zoetis Inc. click here.

Shares of Zoetis Inc. closed at $51.23 yesterday.

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