Mettler-Toledo (MTD) Metrics Best-In-Class, Jefferies Takes PT to $250
Jefferies today reiterated a Buy rating on Mettler-Toledo (NYSE: MTD) and raised its price target to $250.00 (from $200.00).
"Clearly, MTD's abnormally strong pricing power as well as its proactive cost rationalization efforts executed in mid-2012, are allowing it to navigate a period of anemic demand conditions extremely effectively," said analyst Jon Wood.
"We calculate LC incremental gross & OP margins of ~70% & 140%, respectively, in 4Q12, clearly metrics that are best in class," added Wood.
For an analyst ratings summary and ratings history on Mettler-Toledo (NYSE: MTD) click here. For more ratings news on Mettler-Toledo click here.
Shares of Mettler-Toledo closed at $216.52 yesterday, with a 52 week range of $143.60-$218.45.
"Clearly, MTD's abnormally strong pricing power as well as its proactive cost rationalization efforts executed in mid-2012, are allowing it to navigate a period of anemic demand conditions extremely effectively," said analyst Jon Wood.
"We calculate LC incremental gross & OP margins of ~70% & 140%, respectively, in 4Q12, clearly metrics that are best in class," added Wood.
For an analyst ratings summary and ratings history on Mettler-Toledo (NYSE: MTD) click here. For more ratings news on Mettler-Toledo click here.
Shares of Mettler-Toledo closed at $216.52 yesterday, with a 52 week range of $143.60-$218.45.