Deutsche Bank Starts Agilent (A) at Hold

Deutsche Bank initiated coverage on Agilent (NYSE: A) with a Hold rating and a price target of $42.00. Analyst Shawn Bevec sees risk/reward as balanced.

"Agilent is leader in the LST space with a #1/#2 leadership position across most of its end markets. The FY14 spin of Keysight created the new Agilent which is now a pure play LST company for the first time in the company’s history. Management is targeting mid single-digit growth and 240 bps of margin expansion over the next two years. We favor solid margin expansion stories and like the trajectory of the new Agilent; however, with the shares currently trading roughly in line with peers and consensus estimates largely reflective of Agilent’s FY17 targets, we believe the stock is fairly valued at current levels," said Bevec.

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 $40.55 yesterday.

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