Justin Sullivan/Getty Images News Wolfe Research downgraded life sciences company Agilent Technologies ( NYSE: A ) to Peer Perform from Outperform on Thursday, citing limited upside for the stock as Street forecasts have adequately already made room for potential revenue and earnings-per-share drivers. Noting Agilent’s ( A ) decision to lower its fiscal 2024 outlook to a below-consensus level with its Q2 FY24 results in May, Wolfe analyst Doug Schenkel argued that there is a minimum risk for the company to reach its 2024–2025 targets. “However, the potential for meaningful upside to our expectations appears limited, as we believe potential drivers to revenue and EPS upside are adequately captured in financial models,” Schenkel wrote.
Additionally, the stock has little room for upside, as it trades at a ~20% and ~7% premium to peers on an EBITDA and EPS basis, respectively, according to the analyst. More on Agilent Technologies Agilent Hit By Cyclical Headwinds, But The Growth Story Remains Intact Long Term Agilent Technologies, Inc. (A) Jefferies 2024 Global Healthcare Conference (Transcript) Agilent Technologies, Inc.
(A) Q2 2024 Earnings Call Transcript Agilent down 14% following revised 2024 guidance Agilent Technologies Non-GAAP EPS of $1.22 beats by $0.03, revenue of $1.
57B misses by $10M.
