Mettler-Toledo price target raised to $1,375 from $1,260 at Baird

Baird analyst Catherine Schulte raised the firm’s price target on Mettler-Toledo to $1,375 from $1,260 and keeps a Neutral rating on the shares. The firm said they reported 2Q revenue/EPS well ahead of expectations, helped by encouraging lab outperformance, particularly in Europe. China came in ~as expected, with management pointing to stability but a lack of improvement.