Agilent Technologies shares are trading lower after Evercore downgraded the stock from Outperform to In-Line and lowered its price target from $128 to $124. Also, Barclays downgraded the stock from Equal-Weight to Underweight.
Portfolio Pulse from Benzinga Newsdesk
Agilent Technologies' stock has been downgraded by Evercore from Outperform to In-Line, with a reduced price target from $128 to $124. Barclays also downgraded the stock from Equal-Weight to Underweight.
July 31, 2023 | 5:10 pm
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NEGATIVE IMPACT
Agilent Technologies has been downgraded by both Evercore and Barclays, which could negatively impact the stock's performance in the short term.
The downgrades by Evercore and Barclays, two influential financial institutions, along with a reduced price target, suggest a less optimistic outlook for Agilent Technologies. This could lead to a decrease in investor confidence and a potential drop in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100