DA Davidson analyst Matt Summerville kept his Buy rating and $160 price target on Nordson after its mixed Q3 results, with in-line earnings and a revenue miss. The analyst adds that the afterhours selloff in the stock price was driven by worse than expected Q4 guidance, even though the company's backlog, free cash flow generation, and balance sheet remain solid. Summerville expects tough comps to persist through Q1 of FY19, but recommends for longer term investors to use the pullback to accumulate shares, citing the secular tailwinds of "mobile innovation, Internet of Things, 3D stacking, flip chip underfill, electronification of autos, shift to flexible circuitry, and healthy medical demand".