Dover Corp. (DOV) PT Raised to $270 at Mizuho
Mizuho analyst Brett Linzey raised the price target on Dover Corp. (NYSE: DOV) to $270.00 (from $225.00) while maintaining a Outperform rating.
The analyst commented: "DOV posted a solid start to the year with accelerating organic growth, up 5.3%, vs the 3-5% construct. Bookings support additional strength, up ~24% y/y driving results to the top end of the 2026 range. April bookings encouraging. Restructuring likely 2H-weighted with an additional $20mm benefit in 2027. Secular-linked businesses performing well, providing a multi-year growth tailwind with signs of improvement in problem areas. Sikora exceeding expectations with ample capacity for additional M&A despite stubbornly high market valuations. 2026E EPS comes up to $10.65 (from $10.50)/2027E to $11.55 (from $11.30) on stronger growth and margin expansion. Raising PT to $270 (from $225) on higher numbers and the rising market multiples."