Nordson rises after Oppenheimer upgrades to 'outperform'

Nordson

30/05/2025 14:43

** Dispensing equipment maker Nordson Corp NDSN.O shares up 1.3% at $212, in early morning trade

** Oppenheimer upgrades co's rating to 'outperform' from 'perform' after co on Wednesday posted Q2 earnings that beat analysts' estimates

** Brokerage reiterates price target at $260, an upside of 24.4% to the stock's last close

** Says Q3 positioned for positive organic growth driven by new applications, products, and sturdy positioning across end markets

** Also says co's cylical headwinds largely abated and agriculture segment growth mainly boosting broader sector recovery

** 5 of 10 brokerages rate the stock "buy", remaining 5 "hold"; their median PT is $244.29 - data compiled by LSEG

** Including session moves, shares up 1.2% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))