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Stock Market & Financial Investment News

News Breaks
April 2, 2014
06:49 EDTDOVDover upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded Dover following the recent spin-off of Knowles and raised its price target to $93 from $81. The firm believes M&A could provide upside to earnings and that acceleration in the Energy segment deserves a premium multiple.
News For DOV From The Last 14 Days
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April 9, 2015
16:06 EDTDOVDover lowers FY15 EPS view to $4.20-$4.40 from $4.70-$4.95, consensus $4.68
Lowers FY15 revenue growth view to decline -4% to -6% versus a prior revenue forecast of +1% to -2%.This revised forecast includes organic revenue of -2% to -4%, a -4% impact from foreign currencies, and growth from completed acquisitions of 2%. The main factors driving this revision are weaker North American oil & gas markets, the exchange rate impact of foreign currencies and slower capital spending within Dover's core retail refrigeration end markets.

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