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Nordson upgraded to Buy at Gabelli, as selloff presents buying opportunity

Published 08/23/2017, 02:46 PM
© Reuters.  Nordson upgraded to Buy at Gabelli, as selloff presents buying opportunity
  • Nordson (NDSN -1.9%) is lower despite winning an upgrade to Buy from Hold at Gabelli, which says the stock's post-earnings selloff presents a buying opportunity.
  • NDSN shares sold off by more than 10% after releasing strong FQ3 results with a soft FQ4 outlook, but Gabelli says the company shows no structural deterioration in fundamentals around growing end markets.
  • Gabelli considers NDSN a high-quality compounder with enduring competitive advantages in consumer-oriented end markets that offer better growth and profitability opportunities than those available to a typical industrial manufacturer, and is an excellent cash generator to boot.
  • Now read: Dividend Growth Rocks Launched - A Different Focus For Dividend Investors


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