NEW YORK (GenomeWeb News) – Citigroup today initiated coverage of Agilent Technologies with a Buy rating and a $46 target on the company's stock.

In a research note, analyst Amit Bhalla said that he expects revenues to grow between 5 percent and 6 percent through fiscal 2014 with EPS growth of between 10 and 11 percent. He also noted Agilent's growing footprint in the life sciences, as well as its comparatively lighter exposure to the academic/government end markets and greater presence in the emerging markets.

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