Roper Technologies price target raised to $569 from $532 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Roper Technologies to $569 from $532 and keeps an Outperform rating on the shares after its Q2 earnings beat and guidance raise. All three of the company’s segments reported operating upside vs. expectations, with strength in virtually all business units, the analyst tells investors in a research note. The firm adds that it is positive on Roper’s near-term prospects to pursue attractive software/SaaS M&A.