Mettler-Toledo price target lowered to $1,200 from $1,370 at Evercore ISI

Evercore ISI lowered the firm’s price target on Mettler-Toledo (MTD) to $1,200 from $1,370 on lower market multiples, while keeping an Outperform rating on the shares following quarterly results. The firm says that conservative Q2 assumptions set the stage for an interesting second half of the year. All in, Evercore believes it was a decent execution and a conservative Q2 guide should provide support.