Agilent initiated with an Overweight at Morgan Stanley

As previously reported, Morgan Stanley initiated coverage of Agilent (A) with an Overweight rating and $180 price target Life Science Tools and Diagnostics end market bright spots are beginning to emerge and the firm sees “plenty of catalysts” in the pipeline across its coverage, adding that it sees “lots to like in the space entering 2026.” However, a recent industry valuation spike in the second half of the year leaves multiples in “a fair place,” so the firm starts the group with an In-Line industry view, the analyst tells investors. Among the group, the analyst identifies Danaher (DHR) as Top Pick. This note corrects a prior version with an incorrect price target for Agilent.