Dover price target raised to $185 from $175 at Baird

Baird raised the firm’s price target on Dover to $185 from $175 and keeps an Outperform rating on the shares. The analyst updated the company’s estimates to reflect recent management commentary at conferences, share repurchases, and currency. The firm continues to see Q1 as the low point for Dover’s growth with an improved setup from there, driven by improving trends in key end markets. It remains a buyer of the stock.