Auriga Upgrades Mettler-Toledo International to Buy

Auriga upgraded its rating on Mettler-Toledo International MTD to Buy, following a recent pullback in the company's share price. In a research report published today, Auriga states, "We believe the recent pullback in Mettler-Toledo (MTD, Buy) shares has created an attractive entry point to own one of more interesting companies in the tools space... While difficult comparisons may hamper the magnitude of top-line growth, we believe market fundamentals remain solid and MTD's product profile (~80% of sales come from number one products), operational focus and emerging market exposure (~32% of sales) leave it well suited to grow well above its end markets. As such, we are upgrading to Buy and reiterating our $185 price target." At the moment, Auriga has a price target of $185 placed on the company's stock. On Wednesday, Mettler-Toledo closed the day at $158.55.