Analyst Cuts Price Target For Roper Technologies Inc (ROP)
Analyst Shannon O’Callaghan of UBS maintained a Buy rating on Roper Technologies Inc (NYSE:ROP) with a reduced price target of $190, marking a 16% increase from current levels. This rating came after ROP reported an EPS in the 2Q that missed expectations by $0.05. For 2016, Roper’s EPS guidance was lowered to $6.57-$6.71. The company missed on RF Tech and Medical & Imaging. These loses were offset by Industrial Tech and Energy.
According to TipRanks, O’Callaghan has a success rate of 78% with an average return of 14.4% per recommendation.