Stifel Reiterates Buy Rating on Mettler-Toledo (MTD)

Stifel analyst Daniel Arias reiterated a Buy rating and $1,450.00 price target on Mettler-Toledo (NYSE: MTD).

The analyst commented, "MTD beat on earnings in 1Q with improved margins when adjusted for shipping delay recoveries in 1Q24. As expected, tariff discussion dominated the call given the exposure. Current tariffs are now fully incorporated in guidance, as is a slower global economy due to trade tensions. Unless incremental tariffs are imposed (Switzerland in particular), the lower guidance should thus clear the deck for both this year and next year, with an outlook that calls for 6-8% FY25 EPS growth excluding tariffs and shipping delays. Our sense is that mgmt has applied the same cautious conservatism on tariffs that they do the rest of the business, so upside scenarios could/should emerge. We expect to hear from two camps: those that are looking to avoid MTD as a China stock", and those drawn to MTD's best-in-class execution in that region. We understand the former, but put ourselves in the latter."

For an analyst ratings summary and ratings history on Mettler-Toledo click here. For more ratings news on Mettler-Toledo click here.

Shares of Mettler-Toledo closed at $1100.01 yesterday.

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