Wells Fargo Upgrades Nordson (NDSN) to Overweight

March 16, 2020 4:35 AM EDT
Get Alerts NDSN Hot Sheet
Price: $227.04 +0.40%

Rating Summary:
    11 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 14 | New: 23
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Wells Fargo analyst Allison Poliniak-Cusic upgraded Nordson (NASDAQ: NDSN) from Equal Weight to Overweight with a price target of $145.00.

The analyst comments "We rate NDSN shares Overweight. Our favorable view on NDSN is based on its disciplined focus on growth through new products/tiering, new markets (organic + acquisitions), solid operating acumen and a well-balanced portfolio of businesses. In our view, combined, its growth and execution capabilities, coupled with its disciplined capital deployment will enable it to continue to outperform its broader peer set.Our $145 price target is implied by 13x our FY21 EV/EBITDA estimate."

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 $125.73 yesterday.

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