Wolfe Research analyst Doug Schenkel downgraded Agilent Technologies to Peer Perform from Outperform without a price target. The analyst says the potential for meaningful upside to expectations appears limited as Agilent’s potential drivers to revenue and earnings upside are adequately captured in financial models. Meanwhile, the shares currently trade at a 20% premium to peers on an EBITDA basis and a 7% premium on an earnings basis, the analyst tells investors in a research note. The firm also sees modest risk to fiscal Q3 consensus revenue expectations.
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