Dover price target raised to $250 from $242 at Oppenheimer

Oppenheimer analyst Bryan Blair raised the firm’s price target on Dover (DOV) to $250 from $242 and keeps an Outperform rating on the shares. The firm notes Dover reported Q1 adjusted EPS of $2.28, ahead of its/consensus $2.21/$2.27 estimates, with outperformance in DCEF, DCST, and DPPS offset by lower-than-expected DII results. Oppenheimer believes the reiterated guidance leans conservative, remains bullish on Dover’s portfolio evolution, and sees Dover’s current valuation as supportive.