DA Davidson analyst Matt Summerville keeps a Buy rating and $295 price target on Nordson after attending the company’s Investor Day that highlighted underlying growth drivers of its business, proprietary technologies, as well as a progress update with the implementation of its NBS Next framework/Ascend Strategy. Following the presentation, the firm remains positive on the stock and its long-term secular runway within its businesses, industry-leading market share/technologies, organic execution track record, balance sheet optionality and strong free cash flow to fund M&A, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NDSN:
- Nordson price target raised to $287 from $272 at Baird
- Nordson Q3 Fiscal 2024 Results and Projections Webcast
- Nordson narrows FY24 EPS view to $9.45-$9.65 from $9.35-$9.75, consensus $9.51
- Nordson reports Q3 adjusted EPS $2.41, consensus $2.33
- Nordson Expands Operations with Atrion Acquisition Financing
Questions or Comments about the article? Write to editor@tipranks.com