2020-12-02 05:04:09 MTD Mettler-Toledo
12/02/20 12/0205:04 12/02/2005:04 | Mettler-Toledo initiated with a Neutral at Goldman SachsGoldman Sachs analyst Matthew Sykes initiated coverage of Mettler-Toledo with a Neutral rating and $1,140 price target. The analyst believes the Life Sciences Tools and Diagnostics sector will continue to outperform the overall market due to the combination of "resilient business models and multiple secular growth tailwinds." Mettler-Toledo currently trades at the high end of its absolute and relative valuation range, making it difficult to get meaningful upside from current levels, Sykes tells investors in a research note. |
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