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Fly News Breaks for May 22, 2018
NDSN
May 22, 2018 | 12:37 EDT
As previously reported, Seaport Global downgraded Nordson to Neutral from Buy and cut his price target to $137 from $160. Analyst Walt Liptack believes difficult comps are resulting in 2H 2018 double-digit electronics equipment declines with limited visibility heading into 2019. Liptack also said Adhesives, segment, Industrial Coating segment, and medical products are growing at low-single digits, combined, and lowered estimates to reflect a pause in growth.