RBC raises Dover PT after co lifts annual profit outlook

Dover

25/07/2025 11:43

** RBC lifts industrial equipment maker Dover Corp DOV.N price target to $206 from $203, a premium of 10.4% to the stock's last close

** Reiterates rating at 'sector perform'

** Co on Thursday raised its 2025 profit forecast, citing strong product demand and maintaining solid performance in aerospace, defense, and data center segments

** RBC says co has consistently expanded margins through cost management and operational efficiency, while revenue growth remained subdued

** Brokerage expects strong growth in co's biopharma and cooling products, which should support revenue and margin gains in second-half of 2025 and into 2026

** 12 of 20 brokerages rate the stock "buy" or higher, 8 "hold"; their median PT is $212- data compiled by LSEG

** As of last close, stock had fallen about 1% YTD, compared with a 16.4% YTD increase in the S&P 500 Industrials (Sector) index .SPLRCI

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))