Nordson price target raised to $290 from $275 at DA Davidson

DA Davidson raised the firm’s price target on Nordson to $290 from $275 and keeps a Buy rating on the shares. The firm’s updated model reflects the company’s go-forward reporting methodology by which it will now exclude acquired intangibles amortization from its results, the analyst tells investors in a research note. The firm adds that it is positive on Nordson’s “strong” balance sheet and “solid” free cash flow generation.