HSBC Maintains Buy on Zoetis, Lowers Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Morten Herholdt maintains a Buy rating on Zoetis (ZTS) but lowers the price target from $230 to $225.
May 08, 2024 | 5:47 pm
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NEUTRAL IMPACT
HSBC maintains a Buy rating on Zoetis but lowers the price target from $230 to $225.
While the reduction in price target could suggest a slightly less optimistic outlook on Zoetis' future stock performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to a neutral short-term impact on the stock price, as investors weigh the lowered price target against the reaffirmed positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100