Bernstein expects a 'not so scary' Q3 for US life sciences firms
** Brokerage Bernstein expects a "not so scary" Q3 earnings season for U.S. life sciences and tools firms, which "would be a real treat" for investors
** "With the recovery timeline for life science tools continuing to push out (further), some investors feel like they have been tricked one too many times," brokerage says
** Bernstein says medical instrument heavy firms Agilent A.N and Waters WAT.N are better placed for Q3, with sales and demand in China showing signs of recovery
** Brokerage expects a "mixed" Q3 for Thermo Fisher TMO.N, Revvity RVTY.N and Avantor AVTR.N
** Says AVTR could be hurt by customers working through existing inventory; expects Q3 beat for TMO, but modest raise to annual forecast
** YTD, Agilent shares up 4%, WAT and AVTR up 9%, TMO up 13% and RVTY up ~14%
** S&P 500 life sciences tools and sevices subindex .SPLRCLSCI has risen 9% YTD
Reporting by Bhanvi Satija in Bengaluru
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