Barclays Maintains an 'Equalweight' on Dover Corp. (DOV); Getting the Axe to Finish the Job
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Price: $201.92 +1.02%
Rating Summary:
19 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
19 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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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.
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.
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