UPDATE: Morgan Stanley Upgrades Dover to Equal-Weight

Morgan Stanley raises its rating on Dover DOV to Equal-weight from Underweight as shares appear to have already priced in near-term risk. Price target is at $65. Morgan Stanley says, "DOV has gained only 4% YTD, the worst performance in the group – and now trades at a deep discount. Near-term top-line risk is already priced in, with potential Energy upside driven by accelerating oil/gas mix shift." DOV closed at $60.86 on Thursday.