Nordson (NDSN) PT Lowered to $230 at Jefferies

Jefferies analyst Saree Boroditsky lowered the price target on Nordson (NASDAQ: NDSN) to $230.00 (from $340.00) while maintaining a Hold rating.

The analyst comments "NDSN 2Q results came in above expectations on stronger operating results. The company saw a strong recovery in ATS driven by the semi / electronics cycle, which we expect to continue in the 3Q. Mgmt. has a solid line of sight into 3Q earnings with the current backlog, but remains cautious on 4Q given trade/policy uncertainty."

You May Also Be Interested In

• Macy's (M) PT Raised to $25 at TD Cowen
• Regenxbio Inc. (RGNX) PT Raised to $32 at Baird
• Allegro MicroSystems (ALGM) PT Raised to $70 at TD Cowen: 'Secular + Cyclical Growth Combo'