BofA raised the firm’s price target on Agilent (A) to $156 from $150 and keeps a Neutral rating on the shares. The firm slightly lowered its FY25 estimates to account for headwinds from a strong U.S. dollar, but raised its price target due to peer group multiple expansion. While BofA appreciates Agilent’s improved product mix and secular growth drivers, it argues that the valuation “appears fair” given higher China exposure and limited market rebound visibility.
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