Nordson Upgraded by Oppenheimer

In a report released Tuesday, analyst Christopher Glynn of Oppenheimer upgraded Nordson Corp NDSN from Perform to Outperform, maintaining a price target of $85. The report highlights,"FY13 saw flattish and volatile demand patterns for most of NDSN's exposures, in the context of ramping growth investment and acquisition integration activity. While demand recovery may progress in stages, we note a large breadth of organic investment initiatives targeting accessible and material served-market expansions, along with traditional areas ripe for cyclical recovery and pent-up demand." NDSN previously closed at $70.01 and opened up at the $71.28.