Dover delivered better-than-expected profits in the third quarter and painted an upbeat picture of 2026.
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We're raising our price target on the industrial conglomerate, which makes everything from gas pumps to data center components.
Shares of the industrial conglomerate were down 2% Thursday.
Dover has a conservative management team that tends to raise estimates as the year progresses.
The reason? There was some noise around the quarterly numbers.
We don't think the price action in DuPont reflects what we saw in the release and heard on the post-earnings conference call.
Our patience is finally paying off.
