Barclays Maintains an 'Equalweight' on Dover Corp. (DOV); Getting the Axe to Finish the Job

Barclays maintains an 'Equalweight' on Dover Corp. (NYSE: DOV) price target of $66.00 (from $67.00)

Analyst, Scott Davis, said this was the first company under his Industrials sector coverage that pre-announced. Davis had cut estimates on several firms in a note from June 18 View Here. Admittedly, he didn't go low enough, so he's back to finish the job. FY12 EPS estimate dropped from $4.80 to $4.70, FY13 from $5.35 to $5.30.

Looking at the sector, Davis said, "For the time being, we want to remain defensively
positioned and prefer names like General Electric (NYSE: GE), Honeywell (NYSE: HON), and Tyco (NYSE: TYC).

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 $52.38 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Petronet LNG Ltd. (PLNG:IN) PT Raised to INR310 at ICICI Securities
• GMR Airports Infrastructure (GMRI:IN) PT Raised to INR99 at ICICI Securities