Credit Suisse Initiates Coverage of Agilent Technologies (A)

Credit Suisse Initiates Coverage of Agilent Technologies (A)

RSS

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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today