Barclays Reiterates an 'Overweight' on Agilent (A) Given Multiple Long-Term Revenue Growth Drivers

Barclays reiterates an 'Overweight' on Agilent (NYSE: A) price target of $50.00.

Analyst, Nandita Koshal, said, "Agilent reported fiscal Q2 non-GAAP EPS of $0.78, significantly better than Street consensus of $0.73 and our estimate of $0.74. Total revenue of $1.73B (+3% y/y, +4% organic, -1% FX) also came in better than our estimate and Street consensus...Management commentary on the call indicated greater confidence in the full year outlook."

Barclays bumps FY12 EPS estimate from $3.21 to $3.23 and FY13 from $3.60 to $3.63.

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 $38.90 yesterday.

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