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Fly News Breaks for August 23, 2017
NDSN
Aug 23, 2017 | 07:20 EDT
Wells Fargo says that Nordson's Q4 guidance was "optically" disappointing, The firm says the miss was caused by deals that were closed earlier than expected, leading to better than expected Q3 results. Wells has not changed its annual EPS estimate for the company. It keeps a Market Perform rating on the stock based on valuation but is upbeat on the company's longer term outlook and says that the weakness in the shares was overdone.
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