Fly News Breaks for October 8, 2019
BRKR, MTD, TMO, PKI, A, AVTR, WAT
Oct 8, 2019 | 09:48 EDT
Cleveland Research analyst Steve Willoughby says his recent research suggests a "noticeable slowing" in Life Science equipment demand during Q3 in Europe, China, and parts of the U.S. The analyst who adjusted estimates for Thermo Fisher (TMO), Waters (WAT), Agilent (A), Mettler-Toledo (MTD), Avantor (AVTR), PerkinElmer (PKI) and Bruker (BRKR), believes a broader industry slowdown could impact industry multiples which he notes have expanded so far this year.
News For TMO;WAT;A;MTD;AVTR;PKI;BRKR From the Last 2 Days
Feb 20, 2020 | 12:55 EST
Bearish flow noted in Agilent with 1,165 puts trading, or 1.4x expected. Most active are Feb-20 85 puts and Mar-20 87.5 calls, with total volume in those strikes near 830 contracts. The Put/Call Ratio is 1.65, while ATM IV is up over 1 point on the day. Earnings are expected on May 14th.
Feb 19, 2020 | 05:15 EST
Piper Sandler analyst William Quirk raised the firm's price target on Agilent to $96 from $86 and keeps an Overweight rating on the shares. The Agilent reported fiscal Q1 core revenue growth of 2.4% with non-GAAP earnings per share of 81c, in line with the Street's expectations, Quirk tells investors in a research note. Management reiterated fiscal 2020 guidance and issued Q2 guidance below the Street's estimates due to potential impacts from coronavirus, the analyst adds. He believes Agilent has a number of growth drivers this year, and continues to believe coronavirus will be a "transient item."