$149 target and equal weight odds

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  • Shares of Dover Corp. (NYSE: DOV) received a price target of $149 from Morgan Stanley. These are the details.

Shares of Dover Corp. (NYSE: DOV) received a price target of $149 from Morgan Stanley. And Morgan Stanley analyst Joshua Pokrzywinski maintains an “equal weight” rating on the stock.

Last month, Dover announced that it had entered into a definitive agreement to acquire Malema Engineering Corporation, a designer and manufacturer of high-precision critical flow measurement and control instruments serving biopharmaceutical, semiconductor and industrial customers. Malema will be part of the PSG business unit within Dover’s Pumps & Process Solutions segment.

In late April, Dover reported first-quarter EPS of $1.90, $0.07 higher than analyst estimates of $1.83. And revenue for the quarter was $2.1 billion versus the consensus estimate of $2.03 billion.

In terms of guidance. Dover reported full-year 2022 EPS of between $8.45 and $8.65, versus consensus of $8.57.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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