Mettler-Toledo price target lowered to $1,270 from $1,425 at Stifel

Stifel analyst Daniel Arias lowered the firm’s price target on Mettler-Toledo to $1,270 from $1,425 and keeps a Buy rating on the shares. Management’s forecast for flattish sales growth in 2024 reflects ongoing headwinds and “could have been worse,” says the analyst. While some investors may debate the ability to point to second half growth, the firm is willing to “bank on (management’s) conservative approach and proven capabilities,” the analyst added.