Agilent price target lowered to $140 from $144 at Baird

Baird analyst Catherine Ramsey Schulte lowered the firm’s price target on Agilent to $140 from $144 and keeps an Outperform rating on the shares. The firm noted they reported in line FY3Q revenue, with margin upside driving an EPS beat. However, they lowered the 2023 growth/EPS guidance, largely driven by incremental China weakness, as trends significantly deteriorated in July.