B of A Securities Downgrades Agilent Technologies to Neutral, Raises Price Target to $133
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Derik De Bruin downgraded Agilent Technologies (NYSE:A) from Buy to Neutral, while increasing the price target from $130 to $133. This reflects a more cautious stance on the stock's near-term upside potential, despite a slight increase in the price target.
December 12, 2023 | 1:04 pm
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Agilent Technologies was downgraded by B of A Securities from Buy to Neutral, although the price target was raised from $130 to $133, indicating a limited upside from the current level.
The downgrade to Neutral suggests that the analyst sees limited potential for stock price appreciation in the short term, which could lead to a neutral impact on the stock price. However, the increase in the price target implies a belief in the company's stable fundamentals, which may prevent a negative reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100