Nordson Corporation Reports Fiscal 2016 Third Quarter Results with Record Revenue, Operating Profit and Diluted Earnings per Share

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Go back to Nordson Corporation Reports Fiscal 2016 Third Quarter Results with Record Revenue, Operating Profit and Diluted Earnings per Share

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