Nordson upgraded to Buy from Hold at Loop Capital

Loop Capital upgraded Nordson (NDSN) to Buy from Hold with a price target of $280, up from $255. The firm says that based on its analysis of Nordson’s key customers, it has increased conviction the company’s organic sales growth will improve through fiscal 2025, supporting positive estimate revisions. Loop sees “particular upside” around improving interventional solution demand. Nordson is a “quality compounder that is on sale,” the analyst tells investors in a research note.