Mettler-Toledo price target raised to $1,640 from $1,600 at BofA

BofA raised the firm’s price target on Mettler-Toledo (MTD) to $1,640 from $1,600 and keeps a Buy rating on the shares following a “strong” Q4 driven by execution and share gains rather than demand recovery. Q1 guidance looks “prudent” and “conservative,” consistent with peers given the current macro backdrop, the analyst tells investors.