Zoetis shares plunge 22% in a day, prompting Argus downgrade to Hold

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Zoetis Inc. saw its stock drop 22% in a single day, leading Argus to downgrade the animal health company from Buy to Hold on May 27. The research firm cited the steep decline and subsequent weakness as signs of growing investor concern about Zoetis' near-term growth trajectory. Earlier, on May 22, Stifel lowered its price target on Zoetis to $95 from $105 while maintaining a Hold rating, noting that competitive pressures are likely to remain elevated across several key markets in the near term. Stifel acknowledged that the company's updated 2026 guidance indicates business conditions could gradually improve over time.

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