Goldman Sachs Upgrades Agilent (A) to Buy, Sees 37% Upside
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Price: $45.71 -1.15%
Rating Summary:
17 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 19 | New: 29
Rating Summary:
17 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 19 | New: 29
Trade A Now!
Goldman Sachs upgraded Agilent (NYSE: A) from Neutral to Buy with a price target of $49.00 (from $42.00), suggesting 37% upside.
The firm said after underperforming the S&P 500 by 560bp YTD, they see an attractive risk/reward profile, strong ROIC, and attractive valuation coupled with the following catalysts: "(1) trends in EM are improving and Agilent has group-leading exposure, (2) accelerating wireless capex should benefit the Electronic Measurement Group's (EMG) business, (3) Agilent should continue to gain share and improve margins in Life Sciences Group (LSG) , and (4) lower expectations now create a hospitable environment for multiple expansion."
For an analyst ratings summary and ratings history on Agilent click here. For more ratings news on Agilent click here.
Shares of Agilent closed at $35.81 yesterday, with a 52 week range of $32.51-$46.28.
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The firm said after underperforming the S&P 500 by 560bp YTD, they see an attractive risk/reward profile, strong ROIC, and attractive valuation coupled with the following catalysts: "(1) trends in EM are improving and Agilent has group-leading exposure, (2) accelerating wireless capex should benefit the Electronic Measurement Group's (EMG) business, (3) Agilent should continue to gain share and improve margins in Life Sciences Group (LSG) , and (4) lower expectations now create a hospitable environment for multiple expansion."
For an analyst ratings summary and ratings history on Agilent click here. For more ratings news on Agilent click here.
Shares of Agilent closed at $35.81 yesterday, with a 52 week range of $32.51-$46.28.
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