Mettler-Toledo price target lowered to $1,500 from $1,550 at Barclays

Barclays lowered the firm’s price target on Mettler-Toledo (MTD) to $1,500 from $1,550 and keeps an Overweight rating on the shares. The firm adjusted targets in the life science and diagnostic tools group as part of a Q1 preview. Barclays likes the setup for the sector but says it is “not without risk.” Sentiment is at all-time lows and Barclays still believes in the “last-cut thesis (for the most part),” the analyst tells investors in a research note.