Zoetis price target lowered to $112 from $145 at Citi

Citi lowered the firm’s price target on Zoetis (ZTS) to $112 from $145 and keeps a Buy rating on the shares. The firm cut the company’s estimates following the “difficult” Q1 report. Zoetis has a premium portfolio at a time when consumers are trading down, the analyst tells investors in a research note.