BUZZ-Mettler-Toledo falls as China announces retaliatory tariffs on US goods

Reuters
04-04
BUZZ-Mettler-Toledo falls as China announces retaliatory tariffs on US goods

** Shares of medical equipment maker Mettler-Toledo MTD.N fall 3.7% to $1,054.36

** China's additional tariffs on U.S products will increase prices of MTD's equipment exported to China, potentially reducing demand

** China accounted for 16% of MTD's sales in 2024, according to a regulatory filing, making it vulnerable to the new tariffs

** The country also accounted for about one-third of MTD's global production last year

** 2 out of 15 brokerages rate the stock "buy" or higher, 11 rate "hold", 2 rate "sell" or higher and their median PT is $1385 as per LSEG data

** As of last close, MTD stock down 21.5% in the past 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

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