Nordson (NDSN) CFO NDR Takeaways - Oppenheimer

October 5, 2021 9:09 AM EDT
Get Alerts NDSN Hot Sheet
Price: $251.33 +2.10%

Rating Summary:
    11 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 12 | New: 29
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Oppenheimer analyst Christopher Glynn reiterated a Perform rating on Nordson (NASDAQ: NDSN) after hosting meetings with CFO, Joe Kelley, that covered core market drivers and ongoing strategic framework (NBS Next).

The analyst stated "Robust backdrop for sustainable ATS growth cycle includes wider orientation across Electronics markets (~1/2 ATS sales) vs. historical disproportion to consumer product cycles, now (significant shift over recent years) broadly spanning chip-makers (and adjacent) capacity investments (front-end and back-end) and PCB from both dispense and Test & Inspection product lines, with view of material period to align sector capacity to long-term electrification and electronics trends in a persistently digitizing economy. Notes broader scale into markets: core products historically enabled ultra-precision, now speed and throughput specifications also increasingly sought; product assembly orientation more generally complemented by T&I and underfill."

For an analyst ratings summary and ratings history on Nordson click here. For more ratings news on Nordson click here.

Shares of Nordson closed at $240.59 yesterday.

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