10 Best Life Sciences Stocks to Buy According to Hedge Funds

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8. Mettler-Toledo International (NYSE:MTD)

Number of Hedge Fund Holders: 49

Mettler-Toledo International (NYSE:MTD) is one of the 10 best life sciences stocks to buy according to hedge funds.

On February 9, Catherine Schulte from Baird reiterated her Neutral rating on Mettler-Toledo International (NYSE:MTD). In the process, she also raised the price target on the stock slightly from $1,444 to $1,445. Schulte shared an optimistic view on Mettler-Toledo International (NYSE:MTD) after the fourth quarter announcements. This also led Baird to revise its model for the company.

On February 7, the price target for Mettler-Toledo International (NYSE:MTD) was increased from $1,600 to $1,640 by Bank of America Securities analyst Michael Ryskin. He reaffirmed his Buy rating on the stock with more than 19% upside potential for investors.

Ryskin’s upward revision follows an impressive fourth quarter report for Mettler-Toledo International (NYSE:MTD), driven by strong execution and share gains. He also reflected on the management’s guidance for the first quarter, which he believes is reasonably conservative. However, Ryskin views such guidance to be in line with peers within the current macroeconomic landscape.

Mettler-Toledo International (NYSE:MTD) is a supplier of precision instruments and services across the globe. The company provides a range of laboratory instruments, including liquid pipetting solutions, pH meters, analytical sensors, thermal analysis systems, UV/VIS spectrophotometers, and more. It also offers industrial instruments, industrial software, and retail weighing solutions.

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