RBC Capital analyst Deane Dray lowered the firm’s price target on Roper Technologies to $680 from $696 but keeps an Outperform rating on the shares and also raises its FY24 EPS view by 10c to $18.15 and its FY25 view by 30c to $19.35. The company reported an operating beat with modestly better growth and margins across all three segments, the analyst tells investors in a research note. Roper has also expressed optimism about its M&A prospects, citing a robust pipeline of attractive acquisition opportunities, the firm added.
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