Dover initiated with a Neutral at UBS
The Fly

Dover initiated with a Neutral at UBS

UBS analyst Amit Mehrotra initiated coverage of Dover (DOV) with a Neutral rating and $217 price target The firm sees a path to low-double-digit annual earnings growth over the next two years, with additional upside potential from acquisitions given the company’s $3B of fire power by year-end, but says the timing is uncertain. UBS expects evolution of Dover’s business portfolio, but believes “complexity remains.”

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App