Research
Research Alert: CFRA Reiterates Buy View On Shares Of Dover Corporation
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Following encouraging Q1 results, we lift our 12-month target to $260 from $250 and reaffirm our Buy view on shares. Our target values shares at 22.4x our 2027 EPS view of $11.62 (up from $11.34; 2026 EPS view is raised to $10.62 from $10.52), near peers' and DOV's historical average multiple. DOV posted operating EPS of $2.28, up 11% Y/Y, as revenue growth accelerated to 10% Y/Y (5% organic), reflecting broad-based strength across the portfolio and momentum in secular growth markets. Clean Energy & Fueling and Climate & Sustainability Technologies led top-line growth with 13% and 18% Y/Y revenue increases, respectively, benefiting from demand in energy transition markets. Bookings performance was sound, with $2.5B in orders (up 24% Y/Y). Notably, management quantified the opportunity from the AI investment supercycle, guiding for $1 billion of related sales to be generated in 2026. DOV is making targeted investments in capacity to meet accelerating demand, with order conversions likely picking up into 2027.
$DOV