Idexx Laboratories: Strong Financial Performance and Strategic Outlook Justify Buy RatingWe await further insight on the call (at 8:30AM ET) on what is embedded in guidance, competitive positioning, corporate relationships, the outlook for vet visits, utilization trends, and color on the consumer / macro backdrop. Moreover, we look for more color on its ramping inVue Dx launch (and expansion into FNA - expected approval in 2025), Cancer Dx (launched in March 2025), and its other yet-to-be-announced VetLab Dx platform that will bring new testing capabilities (we estimate this may be fecal testing). Note, it previously pointed to 4,500 placements by year end (vs. 2,690 placements YTD), and we await clarity on the call on the ramp. Net/net, our conviction in IDXX's highly defensible leadership position and innovation drivers is intact in the attractive dog’nostics market longer term. Next key catalyst will also be August 13-14.