Argus Starts Roper Industries (ROP) at Hold
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Argus initiates coverage on Roper Industries (NYSE: ROP) with a Hold rating, saying the stock is farily valued.
Although they view Roper as a well-run business, the company has faced earnings pressure in recent quarters due to weakness in the energy sector and global economic challenges.
The firm is setting a 2016 adjusted EPS forecast of $6.65, down 0.4% from 2015. They project a 9% increase in 2017, to $7.25.
Shares of Roper Industries closed at $172.52 yesterday.
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