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.

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