Morgan Stanley has adjusted its price target for Mettler-Toledo (NYSE:MTD) to $1,475 from $1,550, while maintaining an Equalweight rating on the stock. This revision is based on an updated comparative set of Core Tools peers and a reduced EV/EBITDA target multiple. Despite the lower target, the company recently surpassed Q4 earnings and revenue expectations, leading to other analysts like Stifel and BofA Securities raising their price targets.
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Morgan Stanley lowers Mettler-Toledo stock price target to $1,475
Morgan Stanley has adjusted its price target for Mettler-Toledo (NYSE:MTD) to $1,475 from $1,550, while maintaining an Equalweight rating on the stock. This revision is based on an updated comparative set of Core Tools peers and a reduced EV/EBITDA target multiple. Despite the lower target, the company recently surpassed Q4 earnings and revenue expectations, leading to other analysts like Stifel and BofA Securities raising their price targets.