Auriga Reiterates a 'Buy' on Mettler-Toledo (MTD); Product Innovation, Market Knowledge and Pricing are Key Ingredients
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Price: $1,438.53 +0.09%
Rating Summary:
10 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
Rating Summary:
10 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
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Auriga reiterates a 'Buy' on Mettler-Toledo (NYSE: MTD) price target of $185.00.
Auriga analyst says, "Mettler-Toledo is generally considered the most “industrial” of the tools players and faces well-documented EPS headwinds from a strong Swiss Franc. That said, we believe MTD’s product portfolio, pricing power, and marketing infrastructure leave the company well-positioned. We have long been impressed with MTD’s demonstrated ability to drive innovation in what are arguably mature product areas. These efforts should facilitate continued market share gains (75% of products hold a #1 market share). In turn, MTD’s continues to expand its exposure to rapidly growing emerging markets (32% of sales). As such, we see further potential for above market growth and view current share levels as an attractive entry point."
For more ratings news on Mettler-Toledo click here and for the rating history of Mettler-Toledo click here.
Shares of Mettler-Toledo closed at $158.63 yesterday.
Auriga analyst says, "Mettler-Toledo is generally considered the most “industrial” of the tools players and faces well-documented EPS headwinds from a strong Swiss Franc. That said, we believe MTD’s product portfolio, pricing power, and marketing infrastructure leave the company well-positioned. We have long been impressed with MTD’s demonstrated ability to drive innovation in what are arguably mature product areas. These efforts should facilitate continued market share gains (75% of products hold a #1 market share). In turn, MTD’s continues to expand its exposure to rapidly growing emerging markets (32% of sales). As such, we see further potential for above market growth and view current share levels as an attractive entry point."
For more ratings news on Mettler-Toledo click here and for the rating history of Mettler-Toledo click here.
Shares of Mettler-Toledo closed at $158.63 yesterday.
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