Nomura Securities Maintains a 'Buy' on Dover Corp. (DOV); Engineered Systems Segment Poised For Growth

Nomura Securities maintains a 'Buy' on Dover Corp. (NYSE: DOV) price target of $70.00.

Nomura analyst, Shannon O’Callaghan, said, "We think Dover’s Engineered Systems segment (largest segment by sales, second by operating profit) is poised for a solid growth year in 2012, driven by two of Dover’s five growth platforms: Refrigeration and Product ID. We see Dover as attractively valued at 11.5x our 2012 EPS estimate (we are $0.03 below consensus), which represents a 12% discount to our sector average. We also think there could be some upside to our estimates at Engineered Systems."

For an analyst ratings summary and ratings history on Dover Corp. click here. For more ratings news on Dover Corp. click here.

Shares of Dover Corp. closed at $55.96 yesterday.

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