Rothschild & Co Redburn initiated coverage of Agilent (A) with a Buy rating and $165 price target The firm sees the life science equipment market returning to “normalized growth” of 4%-6% over the medium term, bolstered by persistent innovation in analytical instrumentation. The firm likes Agilent’s “consistently strong” free cash flow. Its sensitivity analysis suggests the market is effectively assuming zero China revenue from 2030.
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