Agilent price target lowered to $138 from $145 at Barclays

Barclays analyst Luke Sergott lowered the firm’s price target on Agilent (A) to $138 from $145 to adjust for the reset in market valuations in the space, while keeping an Equal Weight rating on the shares. The firm notes the company reported a solid print and the guide reset on Fx should be looked through by investors. The demand recovery remains intact, and even though Barclays is seeing some weakness on the A&G side of the business, Agilent has greater exposure to the more favorable industrial segments at the moment, argues the firm.