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Fly News Breaks for October 19, 2018
DOV
Oct 19, 2018 | 08:41 EDT
SunTrust analyst Charles Brady raised his price target on Dover to $91 after its Q3 results, saying the company's "rightsizing" is mostly complete as its Engineered Systems segment registered a core sales growth of 5.2%. The analyst notes that the Printing & ID business with Markem-Imaje and digital printing growth, along with high-single digit growth in Fluids, were especially notable. Brady keeps his Hold rating on the shares however, adding that there are still "at least several quarters before Dover is entirely out of the woods".
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