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Fly News Breaks for May 23, 2018
NDSN
May 23, 2018 | 09:31 EDT
SunTrust analyst Charles Brady lowered his price target on Nordson to $158 and also reduced his FY18 EPS view to $5.98 from $6.47. Brady says that while the company's Q2 sales and margins were better than expected in all 3 segments, Q3 guidance was light based on more difficult comps and greater decremental margins at ATS. The analyst keeps his Buy rating longer term, noting that the margin challenges should go away in FY19, while "investors' angst" around slowing sales growth should prove to be temporary.
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