RBC Capital lowered the firm’s price target on Roper Technologies to $570 from $587 but keeps an Outperform rating on the shares. The company reported a solid quarter with modest broad revenue upside and particularly strong margins at Network Software, the analyst tells investors in a research note. With over $4B in M&A firepower, RBC is also positive on Roper’s near-term prospects to pursue M&A while noting that its “valuation remains attractive”.
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