William Blair Downgrades Zoetis Inc. (ZTS) to Market Perform, 'Changing Commercial Strategies Create Too Much Uncertainty on the P&L'

William Blair analyst Brandon Vazquez downgraded Zoetis Inc. (NYSE: ZTS) from Outperform to Market Perform.

The analyst comments "We previously held to our Outperform rating as we saw a path to reaching the low end of prior guidance. Admittedly, it was a narrow path, but with shares at 10 times EPS we thought the risk-to-reward was worth sticking to our rating. Second-quarter results missed on all the marks we needed for this to happen, including worse-thanexpected derm declines, continued Trio share loss, and continued declines in U.S. Librela."

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 $74.39 yesterday.

You May Also Be Interested In

• U.S. debt tops $40 trillion
• Coty (COTY) Misses Q4 EPS by 1c, offers outlook
• IsoEnergy and Disa Technologies close deal to form Disa Uranium Corp