Dover price target lowered to $262 from $274 at Wolfe Research

Wolfe Research analyst Nigel Coe lowered the firm's price target on Dover to $262 from $274 and keeps an Outperform rating on the shares. Ahead of Q2 results, the firm expects this to be a very similar set up to Q1 with core growth trending more than 5% with order remaining in the double-digit growth zone. Overall, the firm is looking for core sales growth guidance to pick up by one point with an EPS increase of roughly 10c, adding that sentiment is neutral.