- RBC Capital analyst Deane Dray lowered the price target on Dover Corp (NYSE:DOV) from $136 to $130 while maintaining the Sector Perform rating on the shares.
- The analyst mentions that, as expected, the operating environment remains challenging, pressured by China lockdowns and component shortages, though management commentary suggested both situations are improving.
- Price/cost continues to improve with expectations to be positive in 2H22, added Dray.
- Consistent with prior signaling, orders and backlog are declining, but the positive spin is that these are welcomed signs of shortening lead times and improving supply chains, noted Dray.
- Related: Dover Reports Mixed Q2 Results, Reaffirms FY22 Guidance
- Deutsche Bank analyst Nicole DeBlase lowered DOV’s price to $132 (an upside of 3%) from $135 while maintaining the Hold rating on the shares.
- Price Action: DOV shares are trading higher by 0.42% at $127.97 on the last check Friday.
MidWestOne Financial Gr Q2 EPS $0.80 Misses $0.85 Estimate, Sales $52.07M Beat $39.67M Estimate
MidWestOne Financial Gr (NASDAQ:MOFG) reported quarterly earnings of $0.80 per share which missed the analyst consensus estimate of $0.85 by 5.88 percent. This is a 25.93 percent decrease over earnings of $1.08 per share
