Baird analyst Catherine Schulte lowered the firm’s price target on Mettler-Toledo (MTD) to $1,310 from $1,375 and keeps a Neutral rating on the shares. The firm said they reported 3Q results ahead of expectations, including stronger Laboratory and services trends. Management continues to frame market conditions as soft, especially in China and industrial applications, despite ongoing signs of stabilization.
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Read More on MTD:
- Mettler-Toledo price target lowered to $1,350 from $1,400 at Wells Fargo
- Mettler-Toledo Reports Modest Growth in Q3 2024
- Mettler-Toledo price target lowered to $1,315 from $1,330 at Goldman Sachs
- Mettler-Toledo reports Q3 adjusted EPS $10.21, consensus $10.01
- Mettler-Toledo sees Q4 adjusted EPS $11.63-$11.78, consensus $11.86