Dover’s Analysts Meeting Takeaways
<p>RBC Capital analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/DOV'>Dover Corporation (NYSE:DOV)</a> Analysts Meeting on March 8, where the company reaffirmed 2023 guidance and set bullish 2025 targets. </p>
<p>The facility tour showcased the highly profitable CPC business that manufactures one-time-use connectors, pumps and flowmeters for biopharma, medical, and industrial applications. The new 2025 targets of 4%-6% organic growth, segment margins, and 25%-35% incrementals were decidedly positive. </p>
<p>According to the analysts, the company looks nicely leveraged to multi-year secular trends, including data centers, EV infrastructure, biopharma production, and clean energy. It remains M&A-focused, targeting higher growth end markets. Divestitures look to be less of a priority. The analysts see risk/reward as balanced and reiterate their Sector Perform rating and $145 price target on the stock.</p>

NYSE:DOV