Dover's Earnings Momentum and Portfolio Shift Support 2026 Outlook, Oppenheimer Says

MT Newswires Live
Nov 15

Dover (DOV) is positioned to carry earnings momentum into 2026, supported by strengthening order trends and continued portfolio reshaping, Oppenheimer said Thursday in a note.

The firm said secular growth areas, including power and artificial intelligence infrastructure, biopharma and CO2 systems, are driving mix-accretive gains, while previously weak vehicle aftermarket and refrigeration door units are stabilizing against easier comparisons.

Oppenheimer expects all Dover businesses to post higher sales next year, aided by more than $40 million in planned productivity and restructuring savings.

The bank kept its 2025 adjusted earnings estimate at $9.60 and raised its 2026 estimate to $10.85 from $10.75. Oppenheimer lifted its price target to $228 from $225 and kept an outperform rating.

Price: 182.84, Change: +0.87, Percent Change: +0.48

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