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Dover price target raised to $145 from $135 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Dover to $145 from $135 and keeps a Sector Perform rating on the shares. The company reported a "modest" operating miss in Q4, but its constructive outlook spared a rally, the analyst tells investors in a research note. Dover’s free cash flow conversion was below the company Q4 average, but the release of buffer inventory should fuel stronger cash conversion in 2023, the firm adds.

Published first on TheFly

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