Analysts’ Recent Ratings Updates for Dover (DOV)
Several investment firms have updated their stock ratings and price targets on shares of Dover (NYSE: DOV) in the last week:
- Dover had its price target raised by analysts at Stifel Nicolaus to $72.00. They wrote, “Investor concerns are focused on the near term outlook in the Energy segment and execution in the Communications Technology segment. While the volatility in oil prices in 2Q may have had a negative impact on demand in early 3Q12, relatively stable oil prices around $90 may have a positive impact from restocking. While we acknowledge execution at Sound Solutions has been poor to date, managements long term record is good and we expect to see the situation resolved as we head into 2013.”
- Dover had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $74.00 price target on the stock.
- Dover is now covered by analysts at Deutsche Bank. They set a “hold” rating and a $62.00 price target on the stock.
- Dover had its “buy” rating reaffirmed by analysts at Janney Montgomery Scott. They now have a $66.00 price target on the stock.
- Dover had its “buy” rating reaffirmed by analysts at Capstone. They now have a $71.00 price target on the stock.
Dover Co. traded down 2.05% on Wednesday, hitting $56.01. Dover Co. has a 1-year low of $50.14 and a 1-year high of $67.20. The company has a market cap of $10.239 billion and a price-to-earnings ratio of 12.43.
Dover Corporation (Dover) manufactures a range of specialized products and components and also offers related services and consumables.