Zoetis slips as pet care weakness weighs on sentiment

** Shares of animal healthcare company Zoetis ZTS.N fall 3.48% to $86.10, on course for their worst day since August

** US clinic visits are down about 3% year-to-date as pet owners cut back on care amid cost pressures, CEO Kristin Peck says on earnings call

** CEO says pet adoptions have decreased due to high housing costs, leading to fewer dogs joining households

** Q3 revenue fell 1% to $2.4 bln but topped analysts' estimate of $2.30 bln, despite lower pricing and flat volumes - LSEG data

** US sales declined 6% as weakness in the companion animal business reflected pressure in dermatology and generic competition.

** 12 out of 18 analysts rate the stock "hold," 6 "buy" with a median PT of $85 - LSEG data

** Including session's move, stock has fallen 31.% YTD