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Fly News Breaks for October 5, 2018
NDSN
Oct 5, 2018 | 09:18 EDT
SunTrust analyst Charles Brady kept his Buy rating and $162 price target on Nordson, saying his latest visit with the leader of the company's Fluid Management business at its Rhode Island plant and also his recent investor meetings with its CEO make him incrementally more positive on the company's outlook. Brady notes that he sees room for margin expansion through further automation across the company's facilities as well as other improvement initiatives. The analyst also sees a higher segment profit percentage from Advanced Technologies Systems driving organic growth increase from mid-single digits to low double digits.