Dover Corp. (DOV) PT Raised to $198 at RBC Capital

RBC Capital analyst Deane Dray raised the price target on Dover Corp. (NYSE: DOV) to $198.00 (from $183.00) while maintaining a Sector Perform rating.

The analyst commented: "3Q25 Beat & Raise on Margins; Optimistic on 2026 Topline; Sector Perform-rated Dover reported a modest 9c/4% operating beat vs. consensus as sluggish 0.5% organic growth was more than offset by cost-out/productivity/mix-driven margin upside. The company has been mired in five consecutive quarters of sub-1% organic revenue growth. Despite the tepid topline, Dover has been able to expand margins through positive mix and rigorous cost containment. Looking ahead, bookings up 8% was a bright spot, fueling management’s optimism on the 2026 organic revenue outlook, especially in its secular growth platforms including Power/AI Infrastructure, Single-Use Biopharma, and C02 Systems."

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