Nordson (NASDAQ:NDSN – Get Free Report) was upgraded by analysts at Loop Capital from a “hold” rating to a “buy” rating in a report released on Wednesday, Marketbeat.com reports. The firm currently has a $280.

Nordson ( NASDAQ: NDSN) late Tuesday was upgraded to Buy from a previous investment rating of Hold by analysts at financial-services firm Loop Capital. They said the maker of precision machinery and medical technology is poised to increase profits despite unfavorable exchange rates.

Loop Capital Markets upgraded Nordson Corporation (NASDAQ:NDSN) stock from Hold to Buy, simultaneously increasing the price target to $280 from $255.