Royal Bank of Canada Cuts Dover Stock Price Target to $227

Royal Bank of Canada has lowered its expectations for Dover (NYSE:DOV) stock price, reducing its target from $252.00 to $227.00 in a recent research report.

The firm currently maintains a 'sector perform' rating on the industrial products company's stock, suggesting a potential upside of 11.88% from the stock's previous close.

This news comes as Dover recently beat Q2 EPS estimates with earnings of $2.74 per share versus $2.72 expected, and revenue rose 6.8% year over year.