Wolfe Research upgraded Roper Technologies to Outperform from Peer Perform with a $480 price target. The stock’s valuation looks compelling on an absolute and relative basis despite the company’s "meaningfully improved portfolio quality" following the industrial disposal, the analyst tells investors in a research note. The firm believes Roper’s 2023 guidance "skews conservative and potentially provides another kicker to the upside."
Published first on TheFly
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