Jefferies Lifts Numbers on Agilent (A) Following Investor Meetings

Jefferies lifted estimates and its price target on Agilent (NYSE: A) following investor meetings with the company's CEO Bill Sullivan.

The firm said outlook remains healthy and they anticipate minimal impact from Japan disruption.

They raised FY11 EPS from $2.60 to $2.63 and FY12 from $2.90 to $2.95. The price target goes from $55 to $60.

Jefferies also noted that valuation remains attractive, with current enterprise valuation implying a ~6% discount to an average of those of its blended peers.

For more ratings news on Agilent click here and for the rating history of Agilent click here.

Shares of Agilent closed at $48.18 yesterday.

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