Jefferies Raises Price Target on VCA Antech (WOOF) But Remains Cautious
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Price: $2.53 +1.61%
Rating Summary:
9 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 13 | New: 23
Rating Summary:
9 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 13 | New: 23
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Jefferies is maintaining its Hold rating on shares of VCA Antech (NASDAQ: WOOF) and is raising its price target from $19 to $20.
The company reported its quarterly results inline with expectations as hospital SSS increased the most since the third quarter of 2008. While crediting management for their hard work, the firm noted that last years comp of -4 percent was not hard to beat. Jefferies states that one solid data point doesn't call for a trend.
An analyst at Jefferies comments, "we remain skeptical about the broader consumer environment, particularly given recent indications of declining consumer confidence, so we believe that it is prudent to remain on the sidelines for now, pending incremental evidence of stabilizing trends and growth re-acceleration."
For more ratings news on VCA Antech click here and for the rating history of VCA Antech click here.
Shares of VCA Antech closed at $18.26 yesterday.
The company reported its quarterly results inline with expectations as hospital SSS increased the most since the third quarter of 2008. While crediting management for their hard work, the firm noted that last years comp of -4 percent was not hard to beat. Jefferies states that one solid data point doesn't call for a trend.
An analyst at Jefferies comments, "we remain skeptical about the broader consumer environment, particularly given recent indications of declining consumer confidence, so we believe that it is prudent to remain on the sidelines for now, pending incremental evidence of stabilizing trends and growth re-acceleration."
For more ratings news on VCA Antech click here and for the rating history of VCA Antech click here.
Shares of VCA Antech closed at $18.26 yesterday.
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