UPDATE: Oppenheimer Downgrades Nordson Corporation to Perform, Reiterates $70 PT on Near-Term Outlook

In a report published Friday, Oppenheimer analyst Christopher Glynn downgraded the rating on Nordson Corporation (NASDAQ: NDSN ) from Outperform to Perform, but reiterated his $70.00 price target. In the report, Glynn noted, “We are downgrading shares of NDSN to Perform from Outperform, as we believe the near-term outlook warrants