UPDATE: Jefferies Color On MTD 4Q10 - Mettler-Toledo Intl (NYSE:MTD)

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Jefferies, which

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raised its PT on

shares of Mettler-Toledo (NYSE: MTD), is providing some color on the firm.“MTD raised the mid-point of its formal 2011 EPS outlook by 4% (to $7.75) to account for the 4Q10 upside and a stronger organic revenue growth outlook (7% vs prior 5%), mitigated somewhat by the adverse impact of an incremental ~2% (-$0.15) FX headwind (relative to its prior view) related to recent EUR/CHF cross rate developments,” Jefferies writes.“Such an outlook implies incremental operating margins of 30% on organic revenue gains (vs 27% in 2010), suggesting an escalation of its core flow rate despite the specter of incremental raw material inflation pressures. The mid-point of MTD's 1Q11 EPS guidance ($1.36; +7% vs consensus) factors an 11% organic revenue growth experience, which implies a continued acceleration in its two-year organic revenue trajectory (+17% vs +10% in 4Q10).”Mettler-Toledo closed Thursday at $159.35.