Agilent investor day calls for margin expansion, says Goldman Sachs

Goldman Sachs keeps a Buy rating and $150 price target on Agilent (A) after the company’s investor day presentation. The firm’s main takeaways from the event are the forecast for operating margin expansion, with the management calling for 50-100+bps of annual expansion embedded in long-term guidance, a long-term revenue growth target of 5%-7% annually, and the focus on China despite the near-term challenges as the region continues to normalize, the analyst tells investors in a research note.