Jefferies & Company Raises Price Target For Mettler-Toledo International Inc. (MTD)

Analyst Jon Wood at Jefferies & Company has released an update on Mettler-Toledo International Inc. (NYSE: MTD). On Thursday, the company reported its first-quarter results.

Mettler-Toledo reported first-quarter EPS of $1.13, which was ahead of the consensus estimate of $1.04. Following the first-quarter results, Jefferies & Company has raised its 2010 EPS estimate for the company from $6 to $6.30. The price target for the company has been raised from $125 to $140.

Jefferies & Company has maintained its Buy rating for Mettler-Toledo International Inc.