Fly News Breaks for January 27, 2020
NDSN
Jan 27, 2020 | 07:56 EDT
DA Davidson analyst Matt Summerville upgraded Nordson to Buy from Neutral with a price target of $200, up from $145. The analyst contends that the company's initial FY20 guidance calling for 2%-6% earnings growth will prove to be conservative, and that the upturn in the semiconductor/electronics demand driven by the gradual rollouts of 5G will see its earnings approach $8.25 per share by mid-FY21. Summerville further cites the proliferation of electronics within autos and the "increasingly complex chip packages", along with its sizable medical platform, as drivers for Nordson's growth.
News For NDSN From the Last 2 Days