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Seaport Global Securities downgraded Dover Corp (NYSE:DOV) to Neutral in a report released today.

Yesterday Dover Corp (NYSE:DOV) traded -0.26% lower at $80.95. The company’s 50-day moving average is $85.69 and its 200-day moving average is $82.03. The last stock close price is down 9.49% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 1,117,406 shares of the stock were exchanged, down from an average trading volume of 1,214,890

Seaport Global Securities has downgraded Dover Corp (NYSE:DOV) to Neutral in a report released on 6/21/2017.

Previously on Monday June 12, 2017, Bank of America Corporation reported about Dover Corp (NYSE:DOV) raised the target price from $90.00 to $95.00. At the time, this indicated a possible upside of 0.15%.

See Chart Below

Dover Corp (NYSE:DOV)

Dover Corp has a 52 week low of $65.50 and a 52 week high of $90.35 with a P/E ratio of 22.45 The company’s market cap is currently $0.

In addition to Seaport Global Securities reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $70.57 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 13 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Dover Corp (NYSE:DOV)

Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company's segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company's Energy segment is a provider of solutions and services for production and processing of fuels around the world. Its Engineered Systems segment includes two platforms: Printing & Identification, and Industrials and is focused on the design, manufacture and service of critical equipment and components serving the fast-moving consumer goods, digital textile printing and industrial end markets. Its Fluids segment is focused on the safe handling of critical fluids across the retail fueling, chemical, and industrial end markets. The Refrigeration & Food Equipment segment is a provider of energy efficient equipment and systems serving the commercial refrigeration and food equipment end markets.

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