Wolfe Research Sees Upside in Two Electrical Stocks Amid Strong Quarter
Wolfe Research analyst Nigel Coe said electrical equipment stocks saw strong Q2 2026 results, with core growth around 6%, orders up 19%, and book-to-bill at 1.16x. AI-related end markets grew 15% to 20%. Wolfe rates Gates Industrial (GTES) Outperform, $33 target, and Dover (DOV) Outperform, $267 target, citing earnings and margin visibility into FY2027.



