RBC Capital analyst Deane Dray raised his price target on Dover to $86 after the first sell-side meeting of its new CEO Rich Tobin. The analyst says the CEO is initially targeting a $100M in SG&A savings as part of the management's "restructuring initiative", which is ahead of expectations. Dray keeps his Sector Perform rating on Dover however, warning that challenges remain in the Retail Refrigeration / Retail Fueling segments and its FY18 guidance may be cut with the release of Q3 results after the company declined to reaffirm its outlook at the meeting.