Mizuho cuts target to USD 245.00 for Dover stock

Published on 10/15/2026 at 22:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mizuho cut Dover's target from USD 270.00 to USD 245.00 on October 15, 2026. Dover stock costs EUR 172.90 on October 15, 2026.

Target cut and earnings date

Mizuho lowered Dover's target to USD 245.00 on October 15, 2026.
Second-quarter revenue reached USD 2.19 billion, up 6.80 percent year over year.
Dover stock costs EUR 172.90 at Lang & Schwarz on October 15, 2026 at 10:19 p.m. CEST.
Dover plans to release third-quarter results on October 22, 2026.

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Mizuho lowered its target for Dover stock from USD 270.00 to USD 245.00 on October 15, 2026, while keeping an outperform rating, according to MarketBeat. The new target stands 26.22 percent above Dover's USD 194.09 primary-market price as of October 15, 2026. Dover stock was trading at EUR 172.90 at Lang & Schwarz on October 15, 2026 at 10:19 p.m. CEST.

Revenue growth sets the backdrop

Dover's second-quarter revenue rose 6.80 percent year over year to USD 2.19 billion, according to MarketBeat. The same report said quarterly earnings per share reached USD 2.74, ahead of the USD 2.72 consensus estimate. That combination gives the target reduction a more specific setting: the debate is centered on valuation and expectations rather than a collapse in reported sales.

Price position and range

Dover's primary-market price was USD 194.09 after the New York session on October 15, 2026, versus a 52-week range of USD 163.33 to USD 237.54. The company's market capitalization was USD 26.1 billion, with a trailing P/E ratio of 23.44. The euro quotation therefore remains a separate German-market indication for investors comparing venues.

Valuation and calendar dates

Dover is scheduled to release third-quarter 2026 results before the US market opens on October 22, 2026, followed by a conference call, according to PR Newswire. The release is scheduled for 7:00 a.m. Eastern time, with the call at 9:30 a.m. Eastern time. The upcoming report is the next defined checkpoint for testing whether Dover's operating performance can support the current valuation.

Comparison with peers

Dover Corp.: P/E 23.44, market capitalization USD 26.1 billion
Xylem (NYSE, USD): plus 0.61 percent, P/E 24.61, market capitalization USD 24.1 billion
Illinois Tool Works (NYSE, USD): plus 0.64 percent, P/E 24.59, market capitalization USD 77.2 billion

Stock indication in euros

The Lang & Schwarz quotation places Dover at EUR 172.90 on October 15, 2026 at 10:19 p.m. CEST. For investors in Germany, the key near-term reference is the October 22 results date and the spread between the USD 245.00 target and the primary-market price. The further course of trading is shown by the continuously updated real-time quote of Dover stock.