Wells Fargo initiates Dover stock coverage with overweight rating By Investing.com
Investing.com Canada
Wells Fargo has initiated coverage on Dover Corp. (NYSE:DOV) with an overweight rating and a price target of $229.00, citing the stock's undervaluation, recovering orders, and improving backlog conversion. The firm highlighted Dover's exposure to secular growth markets and solid fundamentals, expecting margin recovery and capital deployment to drive further upside. This follows Dover's Q2 2026 results, which saw EPS slightly beat expectations but revenue fall short, leading BMO Capital to upgrad
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