03:41 PM EDT, 05/11/2026 (MT Newswires) -- Healthcare stocks were lower late Monday afternoon with the NYSE Healthcare Index down 0.3% and the State Street Healthcare Select Sector SPDR ETF (XLV) declining 0.4%.

The iShares Biotechnology ETF (IBB) was fractionally lower.

In corporate news, Zoetis ( ZTS ) shares fell 7.5% after BNP Paribas lowered the company's price target to $146 from $185, following the company's Q1 results late last week.