Barrington Research Maintains Nordson PT
Barrington Research maintained its Nordson (NASDAQ: NDSN) $45 price target in a research report published today. Barrington Research has previously given Nordson an Outperform rating.
In the report, Barrington Research states, "In our view, the Value Plastics acquisition was expensive, but we have seen NDSN make strategic acquisitions before that have resulted in exceptional sales growth and profitability. NDSN is using low interest rate debt to pay for the accretive deal, which should help the company to expand its Life Sciences product mix."
Shares of Nordson were trading at $41.41 at the time of posting, down 3.90% from Thursday's market close.
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