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UPDATE: Jefferies Assumes Coverage on Mettler-Toledo, Downgrades to Hold on Valuation

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In a report published Tuesday, Jefferies analyst Brandon Couillard assumed coverage on Mettler-Toledo International (NYSE: MTD), downgraded the rating from Buy to Hold, and lowered the price target from $250.00 to $225.00.

In the report, Couillard noted, “While MTD's robust pricing power and proactive cost rationalization efforts are allowing it to navigate a period of tepid demand conditions, present valuations (15% premium to peers and historical levels) already appear to discount expectations for accelerating fundamentals in 2H13 and into 2014, in our view.”

Mettler-Toledo International closed on Monday at $221.65.

Latest Ratings for MTD

DateFirmActionFromTo
Jan 2017Deutsche BankInitiates Coverage OnHold
Jan 2017Deutsche BankInitiates Coverage OnHold
Aug 2016Bank of AmericaUpgradesNeutralBuy

View More Analyst Ratings for MTD
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Analyst Ratings

 

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