** Seaport upgrades rating for dispensing equipment maker Nordson Corp to "buy" from "neutral"

** "We are upgrading NDSN due to the valuation and our expectation that the NBS Next strategy should return the company to above average profitable growth" - Seaport

** Brokerage says this strategy is positioned to drive margins higher through its focus on optimizing product mix and enhancing factory efficiency

** Says weak industrial activity which affected NDSN's organic sales in the last two years could recover by early 2025, on the back of lower interest rates and clarity around tariffs

** Initiates price target of $250, representing a 11.6% upside to stock's last close

** Four brokerages rate the stock "buy" and six "hold"; their median PT is $255 - data compiled by LSEG

** As of last close, stock has fallen 15.2% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))