Benzinga | Jan 28, 2022 02:20PM EST

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

* 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.