Citi raised the firm’s price target on Dover (DOV) to $236 from $226 and keeps a Buy rating on the shares. With an upcoming change in U.S. administration, Citi remains “selectively bullish” on multi-industry companies as divergent market trends among industrial verticals could continue for the time being, the analyst tells investors in a research note. The firm says exposure to secular growth themes could remain at a premium, and it also favors selective exposure to emerging tailwinds such as “Trump beneficiaries,” value, and tactical short-cycle exposure.
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Read More on DOV:
- Dover price target raised to $205 from $190 at Barclays
- Dover initiated with a Neutral at UBS
- Dover upgraded to Outperform from Peer Perform at Wolfe Research
- Dover price target raised to $212 from $210 at JPMorgan
- Dover Sees Revenue and Earnings Growth in Q3 2024
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
