Nordson Corp. (NDSN) Tops Q3 EPS by 13c; Guides Q4 EPS to Strong-Side of Views

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Oppenheimer Downgrades Nordson (NDSN) to Perform

August 24, 2016 6:30 AM EDT

Oppenheimer downgraded Nordson (NASDAQ: NDSN) from Outperform to Perform on valuation.

Analyst Christopher Glynn commented, "We are downgrading shares of NDSN to Perform from Outperform, acknowledging continued upside potential to estimates, but reluctant to stretch our target multiple beyond 20x FY17E EPS. We... More