Nordson (NDSN) PT Lowered to $230 at Jefferies
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Price: $304.21 -1.81%
Rating Summary:
12 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
Rating Summary:
12 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
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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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