Dover named short-term sell idea at Deutsche Bank

Deutsche Bank analyst Nicole Deblase placed a "Catalyst Call: Sell" on shares of Dover as a short-term investment idea. The analyst expects the company to provide "disappointing" guidance for 2023. She projects an earnings per share range of $8.60-$8.80, well below the current $8.87 consensus. Moreover, she also envisages a Q4 miss. Deblase expects the stock to react negatively to this news, despite Dover’s "relatively discounted valuation."