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Fly News Breaks for June 8, 2017
DOV
Jun 8, 2017 | 08:42 EDT
As noted earlier, BMO Capital upgraded Dover to Outperform from Market Perform. Analyst R. Scott Graham thinks that the proportion of overall operating income generated by the company's Energy unit will drop to 30% by mid 2018 from about 80% in 1H17. The analyst says that the change will lower the risk posed by the stock and increasingly prevent the shares from being moved by oil price fluctuations. Target to $94 from $89.