Roper Technologies downgraded to Underweight from Overweight at Barclays

Barclays analyst Julian Mitchell double downgraded Roper Technologies (ROP) to Underweight from Overweight with a price target of $569, down from $625. Amid a “slightly brighter demand outlook” for short cycle industrial goods, the firm adjusted ratings in the U.S. multi-industry group as part of a 2025 outlook. Short cycle industrial goods are likely to be the key area of acceleration in 2025, the analyst tells investors in a research note. The firm says valuations are now at or approaching all-time highs for most stocks, “despite / because of all-time high earnings.”