Dover price target raised to $214 from $196 at RBC Capital

RBC Capital raised the firm’s price target on Dover (DOV) to $214 from $196 and keeps a Sector Perform rating on the shares. The company reported a modest/clean Q4 operating beat relative to estimates, and there was a lot to like in the quarter, with continued bookings momentum, good free cash flow conversion, narrowed 2025 guidance unchanged at the midpoint, and a $2.8 billion in M&A capacity, the analyst tells investors in a research note. All-in, it was a solid finish to the year, building momentum into 2025, the firm added.