Evercore ups Mettler-Toledo price target, adds to ‘Tactical Underperform’ list

Evercore ISI raised the firm’s price target on Mettler-Toledo (MTD) to $1,400 from $1,275 and keeps an Outperform rating on the shares, while adding the stock to the firm’s “Tactical Underperform” list. Q3 “should be fine,” but the firm thinks FY26 guidance will come in below the Street view and it believes recent “noise” around China anti-involution policies could cause near-term volatility.