Agilent price target lowered to $116 from $135 at Jefferies

Jefferies lowered the firm’s price target on Agilent (A) to $116 from $135 and keeps a Hold rating on the shares after having hosted a call with Simon May and Brian Carothers to discuss the roughly $450M CDMO business. Orders remain “strong” and NASD margins are above corporate average, the analyst tells investors following the management call.