Mettler-Toledo price target lowered to $1,400 from $1,600 at Stifel

Stifel analyst Daniel Arias lowered the firm’s price target on Mettler-Toledo (MTD) to $1,400 from $1,600 and keeps a Buy rating on the shares after having hosted meetings with management last week. While Q1 “no-doubt had its issues,” sales funnel momentum and customer activity in key areas point to second half acceleration that is “far more doable than the stock reaction suggests,” says the analyst, who thinks the company will “rise to the occasion” in Q2.