DA Davidson raised the firm’s price target on Nordson to $315 from $290 and keeps a Buy rating on the shares. The firm is raising its FY25 EPS view by 20c to $11.15 in anticipation of a broader recovery within the company’s Advanced Technology Solutions segment, led by electronics dispense and semiconductor product lines, the analyst tells investors in a research note. Within Nordson’s Industrial Precision Solutions segment, backlog levels remain healthy while likely improving within Medical and Fluid Solutions segment as biopharma destocking has abated, though Advanced Technology Solutions segment order entry remained sluggish, the firm added.
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Read More on NDSN:
- Nordson downgraded to Sector Weight from Overweight at KeyBanc
- Nordson price target raised to $315 from $290 at Wells Fargo
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- Nordson sees FY24 adjusted EPS $10.00-$10.50, consensus $10.21
