Buy Zoetis Stock. Shares Could Rise 30% as People Spend More on Pets.
Zoetis, essentially the only pure-play animal-health company, is nearly equally divided between its pet and livestock businesses.
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The lives of a pampered pet puppy and a factory-farmed piglet couldn’t be more different. Yet they are both likely to receive significantly more healthcare in their lifetimes than they would have just a few years ago. The winner in both cases is
Zoetis
.
Zoetis (ticker: ZTS), the world’s only pure-play global animal-health company, was spun out of
Pfizer
(PFE) nearly a decade ago. In that time, profits have marched relentlessly higher, helped by rising spending on domestic animals.…
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