Leerink Partners Raises Price Target on Agilent Technologies (A) to $51 Following 2Q
Get Alerts A Hot Sheet
Rating Summary:
16 Buy, 8 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 14 | Down: 13 | New: 16
Join SI Premium – FREE
Leerink Partners reiterated an Outperform rating on Agilent Technologies (NYSE: A), and raised the price target to $51.00 (from $44.00), following the company's 2Q earnings report. Agilent reported revenue of $1.02B, a solid +4% beat against consensus of $983M. EPS was reported at $0.44, above the Street's $0.39 by +13%.
Analyst Dan Leonard commented, "Our Outperform rating on Agilent reflects a view that the company has the most top-line independent margin expansion opportunity in large-cap life science tools. We think the solid F2Q results, in which adj. operating margins increased 110 bps y/y, are supportive of our thesis. We are increasing our estimates and raising our price target from $44 to $51."
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 $42.94 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Stifel Downgrades Komax Holding AG (KOMN:SW) to Sell
- Deutsche Bank Downgrades Tesla (TSLA) to Hold, 'Considerable risk from “going balls to the wall for autonomy”'
- Loop Capital Downgrades BJ's Wholesale (BJ) to Hold
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!