Nordson price target raised to $290 from $285 at DA Davidson

DA Davidson raised the firm’s price target on Nordson (NDSN) to $290 from $285 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm is positive on the company’s operating margin uplift, largely within the MFS – Medical and Fluid Solutions – segment driven by divestiture benefits and volume recovery, while its inbound order entry within Advanced Technology Solutions appears healthy, the analyst tells investors in a research note. Nordson’s balance sheet also remains sound, giving ample opportunity for additional buybacks, the firm added.