Jefferies Starts Zoetis Inc. (ZTS) at Buy

Jefferies initiates coverage on Zoetis Inc. (NYSE: ZTS) with a Buy rating and $40 price target.

"Zoetis deserves a premium rating due to its strong underlying growth profile, combined with the valuation accelerants of significant operating margin expansion, capital allocation upside and its scarcity value. We see mid-term EPS 12%-17% ahead of the initial consensus estimates and set a 12-month PT of $40."

NOTE: Jefferies acted as a Book Runner in ZTS' January IPO.

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 $33.82 yesterday.

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