Dover price target raised to $180 from $170 at Wells Fargo

Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Dover (DOV) to $180 from $170 and keeps an Equal Weight rating on the shares. The decentralized business model positions Dover to act swiftly on pricing, sourcing and footprint actions in response to tariffs, the firm says. Key near-term focus is Q2 organic. If +2%, it would pave the way to second half of the year acceleration on easier comparable sales, Wells adds.