Soleil Securities Maintains a 'Buy' on Mettler-Toledo International (MTD); Raises PT & Estimates After Strong Q3
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Soleil Securities maintains a 'Buy' on Mettler-Toledo International (NYSE: MTD), raises price target from $92 to $104.
Soleil analyst says, "3Q'09 adjusted earnings fell 6% to $1.36 (vs $1.44 a year ago), 22 cents better than our estimate; Carrying through the 3Q out-performance and raising our Q4 estimate yields a 2009 projection of $5.44 per share (from $4.95 and Company raised guidance of $5.39 to $5.50); Our estimate for 2010 is now $6.00 per share (from $5.50); Our price target is being upped to $104 per share (from $92) due to the increased earnings estimate."
To see more analyst ratings on MTD Click Here.
Mettler-Toledo International Inc. supplies precision instruments and services worldwide.
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