UPDATE: Jefferies Raises PT on Agilent Technologies Following 3Q13 EPS Report

In a report published Thursday, Jefferies analyst Brandon Couillard reiterated a Buy rating on Agilent Technologies A, and raised the price target from $50.00 to $54.00.

In the report, Jefferies noted, “A's 3Q13 EPS of $0.68 was $0.06 (+10%) above consensus on stronger core revenue and profitability trends. We are raising our FY13 EPS forecast to $2.84 (from $2.80) to account for the 3Q13 upside. Our FY14 EPS forecast ($3.20) is unchanged, though our conviction is clearly higher. Our PT moves to $54 (from $50) on higher intermediate-term cash flow forecasts.”

Agilent Technologies closed on Wednesday at $49.25.