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Wells Fargo Maintains Mettler-Toledo International(MTD.US) With Hold Rating, Maintains Target Price $1,350

Futu News ·  Nov 11, 2024 20:31  · Ratings

Wells Fargo analyst Brandon Couillard maintains $Mettler-Toledo International (MTD.US)$ with a hold rating, and maintains the target price at $1,350.

According to TipRanks data, the analyst has a success rate of 61.5% and a total average return of 17.5% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Mettler-Toledo International (MTD.US)$'s main analysts recently are as follows:

  • The projection for Mettler-Toledo's 2025 guidance is deemed to be on the conservative side as ongoing shipping challenges are expected to continue impacting margin growth.

  • The third quarter showed generally robust performance, and the company's preliminary outlook for 2025 suggests organic growth of 3% alongside 4%-5% growth in earnings per share. Following recent share price movements and impending adjustments to estimates, the stock is now valued at a premium compared to its peer group, historically consistent across various periods.

  • The firm noted that Mettler-Toledo's third-quarter results surpassed expectations, bolstered by robust Laboratory and services performance. Although management characterizes the market environment as subdued, particularly in China and within industrial applications, indications of market stabilization persist.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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