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Fly News Breaks for July 23, 2019
MTD
Jul 23, 2019 | 08:06 EDT
As previously reported, UBS analyst Dan Brennan downgraded Mettler-Toledo to Sell from Neutral with an unchanged price target of $760. The analyst says Mettler-Toledo is a "terrific company", but after a 47% year-to-date stock price run-up, its current valuation has become "excessive". Brennan adds that the moderating economic growth, along with its exposure to China, are posing an "above average risk" to the company, even though the management has shifted its focus within Core Industrial towards less cyclical areas and grown its Lab segment.
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