Wednesday, July 13, 2016

Dover Corp. Guidance Cut

Looking at the price chart of Dover Corp. (NYSE:DOV), you might think the company is having a pretty good year operationally in 2016. You would, however, be wrong. In fact, management took a knife to its full-year 2016 revenue and earnings guidance in the first quarter. No matter, the stock continued its gentle climb.
What's going on, and can the rally continue?

READ THE FULL EQUITY RESEARCH ARTICLE LINKED