Agilent Technologies Top Pick At Jefferies (A)

Jefferies & Co. says Agilent Technologies, Inc. A is a top pick in the life science space. In the research note, Jefferies says, "A's short interest rose 22% sequentially on the heels of better than expected fiscal-3Q10 earnings results and boost to its formal FY10 EPS guidance, reflecting chronic concerns over the risk of an imminent deceleration in its fundamental operating trajectory (particularly at its Electronic Measurement franchise), despite what we would characterize as a growing body of evidence to the contrary. In light of the 45% organic order growth experience at its EMG franchise in fiscal-3Q10, we view the risk of a fiscal-4Q10 revenue shortfall as remote." Shares of Agilent Technologies closed at $28.91 on Friday.