Fly News Breaks for August 15, 2019
Aug 15, 2019 | 09:28 EDT
DA Davidson analyst Matt Summerville kept his Neutral rating and $130 price target on Nordson ahead of its Q3 earnings, also lowering his FY19 and FY20 EPS views by 10c and 20c to $6.05 and $6.75 respectively. The analyst warns that the ongoing trade tensions with China may weigh on capital spending through the remainder of this year and possibly into next year, with macro indicators also suggesting a "more subdued" organic growth outlook.
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