UPDATE: J.P. Morgan Reiterates Overweight Rating, Lowers PT on Agilent Technologies on F1Q13 Review
In a report published Friday, J.P. Morgan reiterated its Overweight rating on Agilent Technologies (NYSE: A), but slightly lowered its price target from $51.00 to $50.00.
J.P. Morgan noted, “As a diversified supplier to the life sciences, chemical analysis, and electronic test & measurement industries, Agilent should continue to benefit from favorable long-term trends in EMG and above-market growth in both LSG and CAG, driven by higher than average investments in R&D, a strong footprint in faster growing markets (i.e., China), and synergies from recent acquisitions (i.e., Varian and Dako).”
Agilent Technologies closed on Thursday at $44.58.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.