UBS Cuts Price Target on Mettler-Toledo (MTD); Macro Uncertainty Wins The Day

June 21, 2012 2:03 PM EDT
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Price: $415.00 --0%

Rating Summary:
    6 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 13 | New: 9
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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.

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