As previously reported, Wells Fargo initiated coverage of Mettler-Toledo with an Equal Weight rating and $1,400 price target. The firm says its enthusiasm for Mettler-Toledo’s relentless execution, culture and superior ASP power is tempered only by its premium valuation. While Mettler-Toledo is never as cheap as Wells would like, the risk/reward looks balanced, given low China visibility, the firm adds.
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