Dover initiated with an Outperform at Credit Suisse

Credit Suisse analyst Guy Hardwick initiated coverage of Dover with an Outperform rating and $171 price target. Dover has levers to drive EPS upgrades in 2023 and he expects the company’s portfolio to prove resilient in 2023, said Hardwick. He forecasts 5% organic revenue growth, $9.00 EPS and a "high-20s ROE," the analyst noted.