Zoetis price target raised to $215 from $195 at Stifel

Stifel analyst Jonathan Block raised the firm’s price target on Zoetis to $215 from $195 and keeps a Buy rating on the shares following the firm’s Q4 survey and vet checks. For 2024, respondents again expect mid-single digit year-over-year practice revenue growth, which is “almost identical to 2023” and highlights the durability of the Companion Animal market, the analyst tells investors.