Dover stock price target increased on strong earnings By Investing.com
On Wednesday, Oppenheimer adjusted its outlook on Dover Corp . (NYSE: DOV) shares, raising the price target to $215 from the previous $210 while maintaining an Outperform rating on the company’s shares. The revision followed Dover’s announcement of third-quarter earnings per share (EPS) of $1.51, which surpassed both Oppenheimer’s estimate of $1.43 and the consensus estimate of $1.31.
Despite the positive earnings report, Dover’s stock experienced a decline of 5.1% at the end of the trading day. This drop occurred in a broader market context where the S&P 500 fell by 0.7%, while the Bank Index (BKX) saw a slight increase of 0.3%.
The analyst’s commentary highlighted several concerns that arose during Dover’s earnings call. These…
