Nordson (NDSN) PT Raised to $345 at DA Davidson on ATS Segment Growth
DA Davidson analyst Matthew Summerville raised the price target on Nordson (NASDAQ: NDSN) to $345.00 (from $335.00) while maintaining a Buy rating.
The analyst commented, "We are raising our FY26E and FY27E’s, largely reflective of more pronounced growth within ATS segment on the heels of strong dispense demand for semiconductor applications and accelerating T&I orders. Inbound order activity within IPS and MFS appears healthy, the latter aided by strength in EFD and its medical component businesses. Demand related to automotive and PPS also appears to be improving, netting to synced organic growth amongst its three segments. NDSN’s B/S remains sound (1.9x net leverage), giving ample opportunity for additional buybacks and M&A."