Mizuho cuts target for Dover stock from USD 270.00 to USD 245.00

Published on 10/20/2026 at 20:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dover's Q2 revenue rose 6.80 percent to USD 2.19 billion. Dover stock costs EUR 175.50 on October 20, 2026, with plus 0.20 percent versus Xetra close.

Mizuho target reset

Mizuho cut Dover's target from USD 270.00 to USD 245.00 on October 15, 2026.
Dover's second-quarter 2026 revenue rose 6.80 percent to USD 2.19 billion.
Dover stock costs EUR 175.50 at Lang & Schwarz on October 20, 2026 at 8:43 p.m. CEST, 0.20 percent above the Xetra close of October 20, 2026.
Dover is scheduled to report third-quarter 2026 results on October 22, 2026.

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Mizuho cut its target for Dover Corp. (ISIN US2600031080) from USD 270.00 to USD 245.00 on October 15, 2026, while keeping an outperform rating, according to MarketBeat. The target is 24.15 percent above Dover's USD 197.34 NYSE price at 2:47 p.m. ET on October 20, 2026. At Lang & Schwarz, the stock stood at EUR 175.50 on October 20, 2026 at 8:43 p.m. CEST, plus 0.20 percent versus the Xetra close of October 20, 2026 at EUR 175.15.

Second-quarter growth sets the base

Dover's second-quarter 2026 revenue rose 6.80 percent year over year to USD 2.19 billion, while earnings per share reached USD 2.74 against a USD 2.72 consensus estimate, according to MarketBeat. Standardized financial statements put second-quarter net income at USD 312.55 million and operating profit at USD 391.79 million for the period ended June 30, 2026.

Stock stays below its yearly high

Dover's USD 167.34 to USD 237.54 52-week range places the NYSE price USD 40.20 below its high, a 16.92 percent gap. The stock's market capitalization was USD 26.6 billion and its price-to-earnings ratio was 23.83 on October 20, 2026. Trading volume reached 496,428 shares at 2:47 p.m. ET.

What comes before results?

Dover's next scheduled corporate date is its third-quarter 2026 earnings release and webcast on October 22, 2026. The company lists the event on its investor page, which also describes Dover as a diversified manufacturer of equipment, components, consumables, software and support services.

Comparison with peers

Dover Corp.: plus 0.20 percent versus the Xetra close, price-to-earnings ratio 23.83, market capitalization USD 26.6 billion on October 20, 2026.
Honeywell International: plus 1.03 percent, price-to-earnings ratio 8.23, market capitalization USD 67.2 billion on October 20, 2026 (NYSE, USD).
Illinois Tool Works: plus 1.70 percent, price-to-earnings ratio 24.90, market capitalization USD 78.3 billion on October 20, 2026 (NYSE, USD).

Target revision meets earnings date

Mizuho's USD 245.00 target now sits between Dover's USD 167.34 low and USD 237.54 high only after a 3.13 percent extension above the current 52-week high. The October 22, 2026 results will provide the next reported comparison for the second-quarter growth figures.

The further course of trading is shown by the continuously updated real-time quote of Dover stock.