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

  • 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.
Comments (1)
  • 13761362
    , contributor
    Comments (382) | Send Message
     
    mud hens...coming through.
    29 Jul 2013, 03:35 PM Reply Like
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