UPDATE: Paradigm Capital Upgrades Nordion to Buy Post Sell-Off

Paradigm Capital raised its rating on Nordion

from Hold to Buy as it believes shares represent a good entry opportunity at current levels. Paradigm Capital commented, "We recently downgraded Nordion on the basis that the risks associated with a negative outcome from the arbitrator ruling outweighed the reward. That said, our outlook for the company had not included any upside from a positive ruling. ... We believe investors with mid/long‐term time horizons should buy the shares as the dividend will likely be re‐instated over time and the Sterilization business remains the main value driver." Nordion closed at $6.80 on Monday.