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Fly News Breaks for December 15, 2017
NDSN
Dec 15, 2017 | 09:14 EDT
SunTrust analyst Charles Brady raised his price target on Nordson to $166 and affirmed his Buy rating after its Q4 earnings beat. Brady says he is confident in Nordson's ability to generate organic growth and expand margins, which warrants a higher multiple relative to other industrials. The analyst adds that the company's "outsized backlog growth of 45%" positions it for an accelerated start in 2018.
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