Wells Fargo Maintains Equal-Weight Rating for Dover: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Equal-Weight rating on Dover (NYSE:DOV) and increased its price target from $140.00 to $167.00. Dover's shares are currently trading at $151.80, and the new price target suggests a potential upside of 10.01%. Dover is a diversified industrial manufacturing company operating primarily in the United States, with a focus on various technologies and solutions across multiple segments.
December 19, 2023 | 5:00 pm
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Wells Fargo maintains an Equal-Weight rating on Dover and raises the price target to $167, indicating a potential 10.01% increase from the current price.
The increase in price target by Wells Fargo is a positive signal for investors, suggesting that the bank sees potential for growth in Dover's stock price. This could lead to increased investor confidence and a potential short-term rise in the stock price, especially since the new target represents a significant upside from the current trading price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100