Movement Alert｜Mettler-Toledo Falls 14.83% in After-Hours Trading, trading at 1598.03

Market Focus10-14 04:55

On October 14, Mettler-Toledo fell 14.83% in After-Hours Trading, trading at 1598.03 USD/share, with Turnover of 10.26 million USD.

Within the Life Sciences Tools & Services sector where Mettler-Toledo belongs, peer moves were muted: Thermo Fisher Scientific 0%, Danaher 0%, Illumina fall 0.14%, Waters 0%, and IQVIA rise 0.33%.

Recent disclosed developments were broadly supportive rather than clearly negative, including Morgan Stanley raising its price target to 1575 from 1450 on October 12, Evercore ISI lifting its target to 1550 from 1350 on October 7, and Barclays increasing its target to 1700 from 1575 on October 6 while maintaining an Overweight rating. Mettler-Toledo last reported second-quarter adjusted EPS of 11.46 on revenue of 1.03 billion USD and raised full-year adjusted EPS guidance to 47.15 to 47.50. Those items do not provide a clear direct explanation for this after-hours move.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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