Mettler-Toledo International shares are trading lower after Wells Fargo maintained an Overweight rating on the stock but lowered its price target from $1,660 to $1,520.
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has maintained an Overweight rating on Mettler-Toledo International's stock but has lowered its price target from $1,660 to $1,520. This has led to a decrease in the trading price of Mettler-Toledo shares.
July 31, 2023 | 4:58 pm
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NEGATIVE IMPACT
Mettler-Toledo's stock price is likely to be negatively impacted in the short term due to Wells Fargo's lowered price target.
Wells Fargo's decision to lower the price target on Mettler-Toledo's stock indicates a less optimistic outlook on the company's performance. This can lead to a decrease in investor confidence, resulting in a drop in the stock's trading price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100