Dover price target raised to $208 from $185 at Baird

Baird raised the firm’s price target on Dover to $208 from $185 and keeps an Outperform rating on the shares after its Q1 earnings beat. The company “healthily” beat consensus while its growth outpaced expectations and the management’s guidance was narrowed to the high end of the range, the analyst tells investors in a research note. Order commentary was also encouraging, with the company expecting positive yoy growth for the remainder of the year, the firm added.