Wolfe Research analyst Brad Hewitt downgraded Roper Technologies to Peer Perform from Outperform without a price target. Roper has seen modest multiple expansion and positive estimate revisions since early 2023, the analyst tells investors in a research note. However, the firm finds the stock’s valuation more balanced, and sees a less clear path for future estimate revisions. Wolfe’s fair value range for the stock is $446-$710.
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