Bank of America upgraded Agilent Technologies to 'Buy' from 'Neutral,' citing strong execution and market share gains.
The brokerage set a new price target of $145, down slightly from $150, but remains confident in long-term growth.
The upgrade follows Agilent's fiscal Q2 beat: core revenue rose 6.3%, above guidance, with margins and EPS also exceeding forecasts.
Analysts highlighted 'early innings' of LC, GC, and LC/MS replacement cycles, and high single-digit instruments growth driven by competitive wins.
Agilent raised full-year guidance, with particular strength in CAM, forensics, and diagnostics.
