Agilent price target lowered to $146 from $150 at Jefferies

Jefferies analyst Brandon Couillard lowered the firm’s price target on Agilent to $146 from $150 and keeps a Buy rating on the shares. Agilent’s Q3 EPS and revenue beat consensus estimates, but the company sharply lowered the implied guidance for Q4, primarily due to a steep drop in China demand, the analyst tells investors in a research note. While valuation is supportive, shares may be rangebound until visibility around China demand improves.