Baird analyst Catherine Schulte lowered the firm’s price target on Mettler-Toledo to $1366 from $1454 and keeps a Neutral rating on the shares. The firm noted they reported a Q2 revenue miss and while they expect these headwinds to persist through at least 2H23 and likely into 1H24, and while we remain confident in the company’s execution, its high instrumentation, China, and industrial exposures keep us on the sidelines here.
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