Leerink Swann Initiates Coverage of Agilent Technologies (A)
Leerink Swann reported on Wednesday that it has began coverage of measurement company, Agilent Technologies Inc.(A).
The firm has initiated coverage of Agilent with an “Outperform” rating and a valuation range of $49 to $51. This price target range suggests up to a 16% increase from the stock’s current price of $42.66.
An analyst from the firm commented, “this rating reflects a view that, beyond FY2013, Agilent could continue to grow revenue organically, at least in line with peers, while expanding operating margins at a faster clip, which could enable some multiple expansion.”
Analysts view the company as having a larger amount of opportunity for operating margin expansion compared to its peers. The firm also sees additional supply chain initiatives and manufacturing consolidation.
The Bottom Line
Shares of Agilent Technologies Inc.(A) have a 1.13% yield, based on Tuesday’s closing price of $42.66.
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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