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Fly News Breaks for January 3, 2018
NDSN
Jan 3, 2018 | 07:00 EDT
KeyBanc analyst Jeffrey Hammond raised his price target for Nordson to $165 from $145 after a deeper look into Advanced Tech and further reflecting on the company's long-term earnings power. While he recognizes parts of Electronics are likely at or near peak levels, the analyst believes recent diversification efforts in addition to favorable secular drivers represent avenues to sustaining growth levels within ATS into FY18 and beyond. Hammond reiterates an Overweight rating on the shares.
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