UPDATE: Jefferies Color on Agilent Technologies Target Increase

Jefferies, which raised its PT on shares of Agilent Technologies A, is providing some color on the stock. “Despite the magnitude of A's FY11 EPS guidance raise (+ $0.28/+11% at the mid-pt), we continue to perceive material upside potential based on the commitments embedded in its operating model, as well as prospects for stepped up capital re-deployment activities in the coming periods,” Jefferies writes. Agilent Technologies closed Friday at $52.58.