Jefferies cuts IDEXX target to $705 from $795; contrasts with Zoetis and Elanco cuts

On Oct. 20, 2026, Jefferies reiterated Buy on IDEXX and cut its target to $705 from $795. The same day, analyst Keith Devas downgraded Zoetis and Elanco to Hold from Buy, cutting targets to $83 from $103 and $24 from $31, respectively; he cited veterinary-sector pricing-power risks.