2 items2 sources2 stocks
Investing.com (Reuters image credit)-Oct 20, 12:00 PM
Jefferies downgraded Zoetis and Elanco, citing animal-health pricing risks; reiterated Buy on IDEXX
On October 20, Jefferies cut Zoetis and Elanco to Hold from Buy, citing pricing risk, muted vet visits, mid-single-digit vet-labor inflation and waning owner sentiment; it said price and mix account for all growth in vet and pet services, versus 50%–65% pre-pandemic. Jefferies reiterated Buy on IDEXX. ([uk.investing.com](https://uk.investing.com/news/stock-market-news/jefferies-downgrades-zoetis-e
The Fund Newsdesk-Oct 20, 12:00 PM
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.