As previously reported, Evercore ISI upgraded Mettler-Toledo (MTD) to Outperform from In Line with a price target of $1,450, up from $1,375. Conservative guidance sets the stage for “beat & raise” potential, while a potential China stimulus and PMI turn could be sources of upside, the analyst tells investors. Continued margin expansion sets the stage for a comeback and self-help execution stories tend to outperform “during turbulent times,” the analyst added.
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