Seaport Research upgraded Dover to Buy from Neutral with a $190 price target. The stock’s valuation should increase toward the large cap diversified industrial group amid improving industrial sector fundamentals, orders turning positive year-over-year for the first time in two years, improving profit margins, new products and future acqsuitions, the analyst tells investors in a research note. The firm says M&A should be a 2024-2025 catalyst for Dover.
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