Oppenheimer analyst Ken Wong lowered the firm’s price target on Roper Technologies (ROP) to $570 from $640 and keeps an Outperform rating on the shares after the company reported “mixed” Q3 results and lowered its organic revenue growth guidance to about 6% year-over-year, from 6%-7% previously, due to delays at Neptune and impact of the government shutdown on Deltek. The firm views headwinds due to government shutdown impacts and copper tariffs as “a push to the right in conversion rather than demand erosion,” the analyst tells investors.
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