Wells Fargo analyst Timothy Daley lowered the firm’s price target on Mettler-Toledo to $1,520 from $1,660 and keeps an Overweight rating on the shares following quarterly results. The firm still believes near/mid-term tailwinds outweigh perceived headwinds, and unique exposures should support continued outperformance versus expectations.
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Read More on MTD:
- Mettler-Toledo price target lowered to $1366 from $1454 at Baird
- Mettler-Toledo sees increased uncertainty for remainder of 2023
- Mettler-Toledo lowers 2023 adjusted EPS outlook to $40.30-$41.20
- Mettler-Toledo sees Q3 adjusted EPS $9.55-$9.85, consensus $11.42
- Mettler-Toledo reports Q2 adjusted EPS $10.19, consensus $9.97
