Jefferies Maintains a 'Buy' on Agilent (A), Citing Franchise Value; Chops Numbers on Tough Headwinds

Jefferies maintains a 'Buy' on Agilent (NYSE: A) price target of $55.00 (from $58.00).

Analyst, Jon Wood, said, "A's 3Q12 EPS of $0.79 was $0.04 below consensus on weaker core revenue growth & profitability trends (+26% incremental vs. our +32%). We are lowering our FY12 & FY13 EPS forecasts to $3.07 (from $3.23) and $3.50 (from $3.65), respectively. Our PT moves to $55 (from $58) on lower cash flow forecasts."

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 $40.48 yesterday.

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