Mettler-Toledo price target lowered to $1,300 from $1,520 at Wells Fargo

Wells Fargo lowered the firm’s price target on Mettler-Toledo to $1,300 from $1,520 and keeps an Overweight rating on the shares following quarterly results. The firm believes near-term macro challenges will moderate and long-term tailwinds such as outsized applied/industrial end market exposures exceed Street expectations.