Jefferies Remain Bullish Towards Agilent Technologies (A) Following 2Q15 Results

May 19, 2015 7:34 AM EDT
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Price: $172.40 --0%

Rating Summary:
    20 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 9 | New: 25
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Jefferies maintains a Buy rating and $47.00 price target on Agilent (NYSE: A) following 2Q15 results. Agilent reported EPS of $0.38, which missed consensus by 1c. Analyst Brandon Couillard says that robust orders support a better 2H view.

Couillard commented on A, saying, "Shares of A may open lower (<5%) on the 2Q15 operational shortfall & more back-end loaded FY15 guidance update. However, we see little to alter our positive thesis on the stock & expect better news flow from its investor day next week, which should be a platform to potentially raise its LT margin expansion goal (22% by FY17) & address its over-capitalized status (~$550M net cash at 2Q-end)."

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 $42.63 yesterday.



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