Roper Industries (ROP) PT Raised to $650 at TD Cowen, Citing 'Organic Acceleration'

TD Cowen analyst Joseph Giordano raised the price target on Roper Industries (NASDAQ: ROP) to $650.00 (from $615.00) while maintaining a Buy rating.

The analyst commented: "Most important takeaways from the call were 1) evidence of organic acceleration as impacted businesses last year recover and new M&A goes organic; and 2) confidence around M&A with $5B of capacity. These were core pillars of our upgrade from Tuesday (HERE). With added confidence and modestly higher estimates our PT goes to $650, implying 28x and 25x FY25/26 FCF without new M&A (which is likely)."

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