Piper Jaffray Maintains Neutral on WOOF, $25 PT

Piper Jaffray has issued a report maintaining a Neutral Rating on VCA Tech WOOF. According to the report, "Our recently completed proprietary survey of 201 veterinary clinics suggests that industry growth remains tempered in the low single digit range, though survey respondents expect a slight improvement during 2H11 driven by a modest uptick in volumes coupled with favorable pricing dynamics." WOOF has a $25 Price Target and closed at $20.84 a share yesterday.