In a report published Tuesday, Morgan Stanley analyst Steve Beuchaw reiterated an Equal-Weight rating on Agilent Technologies A, but lowered the price target from $62.00 to $59.00.
In the report, Morgan Stanley noted, “Lowering Agilent price target to $59 from $62 to reflect peer multiples and macro slowing. Expect volatile when-issued trading starting on 10/20 given lack of consensus on Keysight valuation. For Agilent, our SoP analysis implies current valuation of $51 (10x '15 EBITDA) and 12-month PT of $59.”
Agilent Technologies closed on Monday at $52.79.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in