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Fly News Breaks for December 13, 2019
Dec 13, 2019 | 07:22 EDT
Oppenheimer analyst Christopher Glynn downgraded Nordson to Perform from Outperform and removed his prior $155 price target, saying guidance clearly reflects some potential conservatism on timing for recovery of demand for products/systems into electronics markets within ATS. Electronics end markets remain stagnant, but project work across markets remain strong, and likely the singular plausible source of EPS upside, but he thinks this is already priced in.
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