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

Comment

Shutterstock photo

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.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Commodities


More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com