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Fly News Breaks for September 9, 2015
DOV
Sep 9, 2015 | 08:35 EDT
After Dover agreed to buy Tokheim's Dispenser and System businesses for about $465M, Bernstein says that the unit is a good strategic fit for Dover and should be 7c accretive to the company's EPS in the first year. The firm thinks Dover has "healthy opportunities for revenue and cost synergies" from the deal. It raised its price target on the name to $75 from $73 and keeps an Outperform rating on the shares.
News For DOV 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.