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Fly News Breaks for May 10, 2018
APY, DOV
May 10, 2018 | 07:26 EDT
After Dover (DOV) announced yesterday that it has completed the spin of its well site business known as Apergy (APY), Stifel analyst Nathan Jones adjusted his price target on Dover standalone shares to $85, down from $104, to reflect the completion of the spin. He maintains a Hold rating on Dover shares.
News For DOV;APY From the Last 2 Days
DOV
Apr 25, 2024 | 16:46 EDT
Baird raised the firm's price target on Dover to $208 from $185 and keeps an Outperform rating on the shares after its Q1 earnings beat. The company "healthily" beat consensus while its growth outpaced expectations and the management's guidance was narrowed to the high end of the range, the analyst tells investors in a research note. Order commentary was also encouraging, with the company expecting positive yoy growth for the remainder of the year, the firm added.