Baird raised the firm’s price target on Roper Technologies (ROP) to $652 from $635 and keeps an Outperform rating on the shares. The firm said 3Q likely represents organic trough, with 4Q acceleration seen as TEP rebounds, software bookings layer in, and freight market stabilizes.
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Read More on ROP:
- Roper Technologies reports Q3 adjusted EPS $4.62, consensus $4.53
- Roper narrows FY24 adjusted EPS view to $18.21-$18.25 from $18.10-$18.25
- Roper Technologies sees Q4 adjusted EPS $4.70-$4.74, consensus $4.77
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