Nordson upgraded to Overweight from Sector Weight at KeyBanc

KeyBanc upgraded Nordson (NDSN) to Overweight from Sector Weight with a $260 price target The firm has been waiting for a better entry point, and with orders accelerating across the business, especially Electronics, it believes “now is an opportune time to step in.” Nordson is positioned better versus prior cycles and the stock’s current valuation “offers a rare entry point to one of the highest-quality names” in the sector, the analyst tells investors in a research note. KeyBanc believes that with the shares down 17% since reporting Q4 earnings, Nordson’s risk/reward skews more positive.