Nordson shares are trading lower after Jefferies downgraded the stock from Buy to Hold and lowered its price target from $260 to $240.
Portfolio Pulse from Benzinga Newsdesk
Nordson Corporation's shares are trading lower after Jefferies downgraded the stock from Buy to Hold and lowered its price target from $260 to $240.
September 26, 2023 | 4:19 pm
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Jefferies downgraded Nordson's stock from Buy to Hold and lowered its price target from $260 to $240, causing the shares to trade lower.
The downgrade by Jefferies from Buy to Hold indicates a less optimistic outlook for Nordson's stock. Additionally, the reduction in price target from $260 to $240 suggests that Jefferies expects the stock to perform below previous expectations. This news is likely to negatively impact investor sentiment and could lead to a decrease in Nordson's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100