Janney Montgomery Upgrades Roper Industries (ROP) to Buy
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Janney Montgomery upgrades Roper Industries (NYSE: ROP) from Neutral to Buy. Price target $68.
Janney analyst says, "While we have often pointed out that the stock was somewhat priced for perfection and a few manageable items (tough comps against a large project and an underperforming segment that is less than 25% of overall sales) have created consternation the past two quarters, the fact is this remains an extremely well managed company with very strong long-term growth prospects, above average profitability, robust cash flow, and a track record of augmenting above average organic growth with acquisitions. The recent downdraft in the share price has created an opportunity we have been talking about for quite some time, and we upgrade our investment opinion to BUY from Neutral."
Roper Industries, Inc. (Roper) is a diversified growth company that designs, manufactures and distributes energy systems and controls; scientific and industrial imaging products, and software; industrial technology products, and radio frequency (RF) products and services.
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