CVS downgraded as vet probe drums up concerns

CVS Group (AIM:CVSG), the veterinary service provider, has been downgraded to "sector perform" by analysts at RBC following the CMA's review of the industry. The group's price target has also been reduced from 2,100p to 1,200p, with the new price representing around a 15% premium to its current market value. RBC said: "The CMA's proposal to conduct a Market Investigation casts a pall over the industry that is unlikely to be resolved for 18-21 months." Analysts at the Canadian bank believe the market is "sig ...