Agilent price target lowered to $130 from $140 at Baird

Baird lowered the firm’s price target on Agilent to $130 from $140 and keeps an Outperform rating on the shares. The firm said they eere encouraged by management’s commentary that book-to-bill was ~1.0x along with signs of stabilization in China and they also sense a decent amount of conservatism baked into the FY1Q guidance.