Dover Corp (DOV) Receives a Hold from Morgan Stanley


Morgan Stanley analyst Joshua Pokrzywinski maintained a Hold rating on Dover Corp (DOV) today and set a price target of $101. The company’s shares opened today at $96.34, close to its 52-week high of $98.80.

According to TipRanks.com, Pokrzywinski is a 3-star analyst with an average return of 5.7% and a 58.5% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Gates Industrial Corp Plc, Emerson Electric Company, and Honeywell International.

The word on The Street in general, suggests a Hold analyst consensus rating for Dover Corp with a $94.88 average price target, representing a -1.5% downside. In a report released today, Robert W. Baird also downgraded the stock to Hold with a $47 price target.

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The company has a one-year high of $98.80 and a one-year low of $65.83. Currently, Dover Corp has an average volume of 1.06M.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock.

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Dover Corp. engages in the manufacture of equipment, components, and specialty systems. It also provides supporting engineering, testing, and other similar services. It operates through the following segments: Engineered Systems, Fluids, and Refrigeration and Food Equipment.

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