Mettler-Toledo upped to Buy at Cantor on solid H2 outlook

|About: Mettler Toledo Internationa... (MTD)|By:, SA News Editor

Mettler-Toledo (MTD +0.4%) bucks a weak tape after Cantor Fitzgerald upped the shares from Hold to Buy earlier today, and raised its price target from $205 to $252.

The firm says it's encouraged by MTD's FQ2 earnings beat on Friday, and it's seeing early indicators of improvement/stabilization in some end markets.

Most notably, Cantor says MTD reported solid growth in the Americas and saw stable demand in Europe - which together represent around 68% of sales - with order growth exceeding revenue growth in both Q1 and Q2 this year.