Semiconductor Industry Inflection, Strong Balance Sheet To Propel Nordson's Earnings Momentum: KeyBanc
Portfolio Pulse from Nabaparna Bhattacharya
KeyBanc analyst Jeffrey D. Hammond reiterated an Overweight rating on Nordson Corporation (NASDAQ:NDSN) and raised the price target to $270 from $255. Nordson's multiple expansionary moves, strong balance sheet, and attractive risk/reward profile are expected to propel earnings momentum into 2024.
June 22, 2023 | 7:20 pm
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KeyBanc analyst raises Nordson Corporation's price target to $270, citing strong balance sheet and earnings momentum into 2024.
The KeyBanc analyst's reiteration of an Overweight rating and increased price target for Nordson Corporation indicates a positive outlook for the company's stock. The strong balance sheet and expected earnings momentum into 2024 are likely to drive the stock price higher in the short term.
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