Credit Suisse reported on Tuesday that it has began coverage on measurement company, Agilent Technologies Inc.(A).
The firm has initiated coverage on Agilent with an “Outperform” rating and $48 price target. This price target suggests a 11% increase from the stock’s current price of $42.67.
An analyst from the firm commented, “Agilent is the most diversified name in our coverage universe, with 48% of sales coming from the Electronic Measurements Group (EMG). Weakness in EMG drove the company’s recent quarterly miss and guidance reduction but the resulting selloff provides a more attractive entry point for long-term investors. … Proprietary survey suggests continued traction in life sciences and chemical analysis.”
Agilent shares were up 63 cents, or 1.50% during Tuesday morning trading. The stock has been mostly flat in the past year.
The Bottom Line
Shares of Agilent Technologies Inc.(A) have a 1.13% yield, based on Tuesday morning’s price of $42.54.
Agilent Technologies Inc.(A) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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