Cantor Fitzgerald Starts Mettler-Toledo (MTD) at Buy; Sailing Ahead of the Pack
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Price: $1,419.02 -0.82%
Rating Summary:
10 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Cantor Fitzgerald initiates coverage on Mettler-Toledo (NYSE: MTD) with a Buy. PT $175.00.
Cantor analyst says, "MTD is a leading supplier of precision instruments for the biopharma, food retail, and industrial markets. With distinct competitive advantages and strong track record of financial performance, we believe MTD remains well-positioned to capitalize on emerging market growth and take market share in developed markets. As such, we expect MTD to deliver revenue and EPS growth above its peers over the next few years. MTD has sector-leading exposure to emerging markets at ~33% of sales, which remain a priority investment area. We think there is significant runway for further growth opportunities, given the under-penetrated lab instrumentation business in these regions (e.g., China)."
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 $152.19 yesterday.
Cantor analyst says, "MTD is a leading supplier of precision instruments for the biopharma, food retail, and industrial markets. With distinct competitive advantages and strong track record of financial performance, we believe MTD remains well-positioned to capitalize on emerging market growth and take market share in developed markets. As such, we expect MTD to deliver revenue and EPS growth above its peers over the next few years. MTD has sector-leading exposure to emerging markets at ~33% of sales, which remain a priority investment area. We think there is significant runway for further growth opportunities, given the under-penetrated lab instrumentation business in these regions (e.g., China)."
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 $152.19 yesterday.
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