Nordson upgraded to Outperform from Perform at Oppenheimer

Oppenheimer analyst Christopher Glynn upgraded Nordson (NDSN) to Outperform from Perform with a $260 price target The company is emerging from a “relatively nettlesome layering of cyclical headwinds,” the analyst tells investors in a research note. The firm says Nordson’s fiscal Q3 is positioned for positive organic after eight quarters negative. It believes the company is now positioned for compound organic growth, with “sturdy positioning” across end markets, cyclical headwinds largely abated, portfolio tuning underappreciated, and an increasingly focused cost structure.