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Benzinga
Benzinga
Business
Akanksha Bakshi

Citi, Morgan Stanley Bump Up Dover Price Target After Q4 Results

Dover (Organization) Citi Morgan Stanley
  • Citi analyst Andrew Kaplowitz raised Dover Corp's (NYSE:DOV) price target to $221 from $218 and maintained a Buy rating on the shares.
  • The analyst noted the strong topline performance and continued strength in bookings highlight a "still robust demand environment that should bolster confidence" in the company's 7% - 9% organic growth outlook for 2022.
  • Related Content: Dover Clocks 12% Revenue Growth In Q4; Tops Consensus.
  • Morgan Stanley analyst Joshua Pokrzywinski raised the price target to $196 (an upside of 19%) from $194 and maintained an Equal-Weight rating on the shares.
  • Price Action: DOV shares traded lower by 2.29% at $164.84 on the last check Friday.
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