Dover rises after Wells Fargo upgrades rating and hikes PT

Shares of industrial equipment maker Dover DOV.N rise 1.27% to $210 in premarket trading

Wells Fargo upgrades DOV to "overweight" from "equal weight" citing it (Dover) benefits from accelerating growth if tensions cool, and remains relatively insulated with pricing power and low regional exposure if geopolitical risk persists

Brokerage also raises PT to $230 from $210, which is a 11% upside to the stock's last close

13 of 21 analysts rate stock "strong buy" or "buy" and eight "hold"; their median PT is $231 - data compiled by LSEG

As of last close, stock up 6.2% YTD