Fly News Breaks for December 17, 2019
Dec 17, 2019 | 09:04 EDT
DA Davidson analyst Matt Summerville raised his price target on Nordson to $145 to account for the recent multiple expansion in the stock, but he also keeps his Neutral rating and lowers his FY20 EPS view by 13c to $6.22 and FY21 view by 15c to $6.95. The analyst is citing the ongoing softness in parts of the company's electronics-facing businesses within its ATS segment due to the ongoing tariff concerns as well as the "absence of meaningful 5G-related infrastructure and mobile device project" ramp.
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