Analyst Actions: Dover Corp. Target Raised $1 At Credit Suisse After Analyst Meeting; Shares Rise 1%

By Staff,

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Credit Suisse has raised its price target on shares of Dover Corp. ( DOV ) to $65 from $64 a share. The firm has also revised down its 2012 EPS estimates to $4.45 from $4.60, however raised its 2013 EPS estimates to $5.15 from $5.06.

"We acknowledge the stock is still inexpensive but are reluctant to chase it as we remain concerned about the customer capex outlook in oil-related markets," said Credit Suisse.

DOV is up 0.72% to $64.25 in afternoon trade, within a 52-week range of $50.27 - $67.20.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: DOV

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