Mettler-Toledo International Inc. Reports Fourth Quarter 2023 Results
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Mettler-Toledo (MTD) PT Raised to $1,200 at Evercore ISI
February 9, 2024 11:09 AM ESTEvercore ISI analyst Vijay Kumar raised the price target on Mettler-Toledo (NYSE: MTD) to $1,200.00 (from $1,175.00) while maintaining a In Line rating.
The analyst comments "Given that MTD had preA its 4Q rev of - 13% org declines due to logistic issues in EU, the focus on the call was around P&L and FY24 Guide update. 4Q EPS declined -22% and margins declined -375 bpswe think ~170 bps of this was the impact from ~55M of rev slippage from 4Q due to logistics issue in EU. As seen from Fig 1, the rev miss carried... More
