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