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Fly News Breaks for January 6, 2017
DOV
Jan 6, 2017 | 05:48 EDT
UBS analyst Shannon O'Callaghan double upgraded Dover to Buy from Sell saying the company's Energy business should see a "sharp recovery" in 2017-2018 as U.S. rig counts rise and margins improve. The analyst believes current estimates for Dover Energy could prove conservative. O'Callaghan upped the stock's price target to $90 from $65.