UPDATE: Morgan Stanley Cuts PT to $51 on Agilent Technologies; Macro Overhangs

Morgan Stanley lowers its price target on Agilent Technologies A from $54 to $51 as it reiterates its Overweight rating on shares. Morgan Stanley comments, "Agilent delivered solid quarterly results, with organic revenues of 4% vs. MSe 3%, EBIT margins of 19.5% > MSe 18.9%, and EPS of 78c > MSe 73c. Test & Measurement drove the beat. While macro uncertainty remains the key overhang, significant bookings growth improves visibility." A closed at $38.90 on Monday.