Nordson (NDSN) PT Lowered to $230 at Jefferies

Jefferies analyst Saree Boroditsky lowered the price target on Nordson (NASDAQ: NDSN) to $230.00 (from $340.00) while maintaining a Hold rating.

The analyst comments "NDSN 2Q results came in above expectations on stronger operating results. The company saw a strong recovery in ATS driven by the semi / electronics cycle, which we expect to continue in the 3Q. Mgmt. has a solid line of sight into 3Q earnings with the current backlog, but remains cautious on 4Q given trade/policy uncertainty."

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