Nordson price target raised to $287 from $272 at Baird

Baird analyst Michael Halloran raised the firm’s price target on Nordson to $287 from $272 and keeps an Outperform rating on the shares. The firm said 3Q results were ahead of expectations operationally driven by margins and ATS revenue. Guidance was held with largely unchanged F4Q organic assumptions, balancing F3Q outperformance and Atrion dilution.