Credit Suisse Initiates Coverage of Agilent Technologies (A)
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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