Goldman Sachs has lowered its price target for Agilent Technologies, Inc. (NYSE: A) to $150 from $170, while maintaining a Buy rating. This adjustment follows Agilent’s Q1 earnings and revenue falling below consensus expectations. Despite the lowered target, Goldman Sachs remains confident in Agilent’s long-term growth, citing strong underlying trends in the CAM end market and the company’s efforts to accelerate growth in Life Sciences and Diagnostics and improve margins.
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Agilent (A) Gets Lower Goldman Sachs Target Despite Long-Term Growth Confidence
Goldman Sachs has lowered its price target for Agilent Technologies, Inc. (NYSE: A) to $150 from $170, while maintaining a Buy rating. This adjustment follows Agilent’s Q1 earnings and revenue falling below consensus expectations. Despite the lowered target, Goldman Sachs remains confident in Agilent’s long-term growth, citing strong underlying trends in the CAM end market and the company’s efforts to accelerate growth in Life Sciences and Diagnostics and improve margins.