UBS Cuts Price Target on Mettler-Toledo (MTD); Macro Uncertainty Wins The Day
Get Alerts MTD Hot Sheet
Price: $1,219.23 -1.31%
Rating Summary:
5 Buy, 12 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
5 Buy, 12 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Join SI Premium – FREE
UBS maintains a 'Neutral' on Mettler-Toledo (NYSE: MTD) price target of $177.00 (from $190.00).
Analyst, Daniel Arias, maintains his FY12/13 EPS/revenue estimates at $9.48/2.447 bln and $10.78/$2.594 bln. However, he is cautious on the marco picture, despite the company being positioned strongly vs. competition and executing well in this economy. The overall uncertainty of China and Europe's growth (if not a reversal to negative GDP) helps make the decision to leave the stock in Neutral and lower the price target.
For an analyst ratings summary and ratings history on Mettler-Toledo click here. For more ratings news on Mettler-Toledo click here.
Shares of Mettler-Toledo closed at $158.44 yesterday.
Analyst, Daniel Arias, maintains his FY12/13 EPS/revenue estimates at $9.48/2.447 bln and $10.78/$2.594 bln. However, he is cautious on the marco picture, despite the company being positioned strongly vs. competition and executing well in this economy. The overall uncertainty of China and Europe's growth (if not a reversal to negative GDP) helps make the decision to leave the stock in Neutral and lower the price target.
For an analyst ratings summary and ratings history on Mettler-Toledo click here. For more ratings news on Mettler-Toledo click here.
Shares of Mettler-Toledo closed at $158.44 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Amazon.com (AMZN) PT Raised to $215 at UBS
- JPMorgan Downgrades Beijing Easpring Material Technology Co Ltd. (300073:CH) to Underweight
- Petpal Pet Nutrition Technology (300673:CH) PT Raised to RMB14.60 at Goldman Sachs
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!