Oppenheimer Reiterates Perform Rating on Nordson (NDSN)

Oppenheimer analyst Christopher Glynn reiterated a Perform rating on Nordson (NASDAQ: NDSN).

The analyst comments "IPS remains extremely steady, with +4% organic reflecting strength in traditional packaging and nonwovens end-markets, offsetting softer polymer processing (higher recycling application wins in Europe prior year), and consistent performance in coatings. IPS's resilient profile reflects ~mid-50%s parts/consumables, steady base markets, and ongoing benefits of NBS Next (focuses resources on higher growth/returns applications). IPS's global leadership in precision dispense applications resulted in identifying higher-value/scalable customer applications in cans (inside coatings), fabric bonding, recycling, and automotive applications in recent years, reflecting adaptable core technologies and instances of adhesive dispense replacing traditional fastening. Europe regulations remain supportive for long-term recycling-related growth. MFS is seeing recovery in fluid solutions (general industrial and electronics markets), with medical markets softening (excluding biopharma, now stabilized from post-COVID correction)."

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 $257.18 yesterday.

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