Agilent Technologies (A) Reports 4Q EPS Beat; Leerink Partners Reiterates Outperform

Leerink Partners reiterated an Outperform rating on Agilent (NYSE: A), and cut the price target to $44.00 (from $47.00), following the company's 4Q earnings report. Fiscal Q4 revenue of $1.04B was essentially in-line with consensus. Adjusted EPS of $0.50 beat consensus estimate of $0.47 on better-than-expected operating margins.

Analyst Dan Leonard commented, "We are lowering our top- and bottom-line estimates to reflect a more conservative macro backdrop for 2016. Our new, lower price target of $44 (from $47) reflects our lower revenue and EPS outlook. We are maintaining our Outperform rating."

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 $37.33 yesterday.

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