Roper Technologies assumed with an Outperform at Oppenheimer

Oppenheimer analyst Ken Wong assumed coverage of Roper Technologies (ROP) with an Outperform rating and $630 price target The firm sees potential for revenue acceleration with management targeting companies earlier in the S-curve, as opposed to the prior strategy of pursuing established market leaders. The analyst has high confidence that management’s decentralized philosophy and competency identifying, nurturing, and operating market leaders will minimize the risks associated with earlier-stage companies while potentially enabling superior long-term value.