UPDATE: Credit Suisse Raises PT to $67 on Dover

Credit Suisse reiterates its Neutral rating on Dover DOV and raises its price target to $67 from $65 a share on semiconductor and M&A tailwind in sight. Credit Suisse says, "The Street has been focused on DOV's Electronics business for quite some time and we think that we are near an inflection point given comments from peers in the semiconductor industry; following a 13% organic decline in Q411 and a likely 9% sales decline in Q112, we therefore think that sales will flatten out in Q2 and return to growth in the 2H12. ...DOV back on offense: Investors should expect 3 to 4 deals to close over the upcoming months, which should provide upside to 2012 estimates. No divestments are currently in the works, following divestments worth 6% of sales in recent months. Renewed acquisitions should be taken positively given DOV's solid track record on integrating new businesses." DOV closed at $60.86 a share on Wednesday.