Nordson rises after Oppenheimer upgrades to 'outperform'

Dispensing equipment maker Nordson Corp NDSN.O shares up 1.3% at $212, in early morning trade

Oppenheimer upgrades co's rating to 'outperform' from 'perform' after co on Wednesday posted Q2 earnings that beat analysts' estimates

Brokerage reiterates price target at $260, an upside of 24.4% to the stock's last close

Says Q3 positioned for positive organic growth driven by new applications, products, and sturdy positioning across end markets

Also says co's cylical headwinds largely abated and agriculture segment growth mainly boosting broader sector recovery

5 of 10 brokerages rate the stock "buy", remaining 5 "hold"; their median PT is $244.29 - data compiled by LSEG

Including session moves, shares up 1.2% YTD