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Wells Fargo Keeps Their Buy Rating on Dover (DOV)

Tipranks - Tipranks - Mon Jun 8, 9:32AM CDT

Wells Fargo analyst Joe O’Dea maintained a Buy rating on Dover on June 5 and set a price target of $255.00. The company’s shares closed last Friday at $214.76.

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According to TipRanks, O’Dea is a 5-star analyst with an average return of 10.4% and a 58.78% success rate. O’Dea covers the Industrials sector, focusing on stocks such as Dover, Parker Hannifin, and 3M.

In addition to Wells Fargo, Dover also received a Buy from Bank of America Securities’s Andrew Obin in a report issued on June 5. However, on June 4, Morgan Stanley assigned a Hold rating to Dover (NYSE: DOV).

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Based on Dover’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.05 billion and a net profit of $238.43 million. In comparison, last year the company earned a revenue of $1.87 billion and had a net profit of $230.82 million

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