Roper Technologies price target raised to $665 from $660 at Truist

Truist analyst Terry Tillman raised the firm’s price target on Roper Technologies (ROP) to $665 from $660 and keeps a Buy rating on the shares. The company’s Q3 saw upside to top and bottom-line estimates but a miss on total revenue and app revenue estimates when adjusting for the $46M Transact stub period revenue contribution, the analyst tells investors in a research note. Roper’s positives included record cash flow, stabilizing freight matching business, enterprise software bookings pick up, and Neptune’s mechanical meter reader production improvement however, and the firm remains resolute, with positive long-term investment thesis on compounding cash flows, opportunities for organic growth upside, and robust M&A pipeline, Truist added.