BUZZ-Dover rises after Wells Fargo upgrades rating and hikes PT
Reuters
Mar 17
BUZZ-Dover rises after <a href="https://laohu8.com/S/EOD">Wells Fargo</a> upgrades rating and hikes PT
** Shares of industrial equipment maker Dover DOV.N rise 1.27% to $210 in premarket trading
** Wells Fargo upgrades DOV to "overweight" from "equal weight" citing it (Dover) benefits from accelerating growth if tensions cool, and remains relatively insulated with pricing power and low regional exposure if geopolitical risk persists
** Brokerage also raises PT to $230 from $210, which is a 11% upside to the stock's last close
** 13 of 21 analysts rate stock "strong buy" or "buy" and eight "hold"; their median PT is $231 - data compiled by LSEG
** As of last close, stock up 6.2% YTD
(Reporting by Pragyan Kalita in Bengaluru)
((Pragyan.Kalita@thomsonreuters.com;))
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