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UPDATE: Cantor Fitzgerald Downgrades Mettler-Toledo to Hold on Valuation

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Morgan Stanley Initiates Mettler-Toledo With Equal-weight

Cantor Fitzgerald published a research report on Mettler-Toledo (NYSE: MTD) and downgraded the company from Buy to Hold with a raised price target, up from $178 to $200.

In the report, Cantor Fitzgerald wrote, "With little to fault in terms of management execution over the last several years, strong competitive position, significant leverage to emerging market growth, and operational discipline, we continue to believe MTD is well positioned to deliver above-industry-average EPS growth LT. That said, with shares currently trading near their five-year peak multiple (PE basis), we would wait for a better entry point or increased confidence for significantly improved macro-economic environment before turning more constructive."

Mettler-Toledo closed Wednesday at $204.11 and is currently up 1.15 percent.

Latest Ratings for MTD

DateFirmActionFromTo
Apr 2015Morgan StanleyInitiates Coverage onEqual-weight
Mar 2015UBSInitiates Coverage onBuy
Jan 2015CitigroupMaintainsNeutral

View More Analyst Ratings for MTD
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Downgrades Analyst Ratings

 

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