Barrington Reiterates Outperform Rating, $60 PT for Nordson
In a report published earlier today, Barrington Research reiterated its Outperform rating and $60.00 price target for Nordson Corporation (NASDAQ: NDSN).
Barrington went on to say “Our investment thesis remains unchanged prior to the Q2/12 earnings release. We believe that Q2/12 should provide for stronger sequential results with an increase in backlog for Q1/12 and visibility for a 2H/12 recovery. We expect stronger results for North America to offset softness in Europe for Q2/12.”
Nordson Corporation closed on Friday at $48.20.
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