Nordson upgraded to Buy from Neutral at Seaport Research

Seaport Research upgraded Nordson (NDSN) to Buy from Neutral with a $250 price target The firm cites valuation and expectations that the “NBS Next strategy” should return the company to above-average profitable growth. The pullback in the stock is a buying opportunity, the analyst tells investors in a research note. Seaport says that during the last two years, Nordson’s organic sales and cash earnings growth rate declined, due to some sector headwinds in Advanced Tech, Medical and recently Industrial. However, many of the headwinds are coming to an end, or close to coming to an end, the firm contends.