Nordson price target raised to $245 from $225 at Loop Capital

Loop Capital analyst Chris Dankert raised the firm’s price target on Nordson to $245 from $225 and keeps a Hold rating on the shares. The company’s initial FY24 guidance provided last week as part of its Q4 earnings “appears reasonable”, though the firm continues to see incremental risk around the ATS business, since Nordson’s outlook bakes in a healthy acceleration in sales growth during the second half of FY24, the analyst tells investors in a research note.