Roper Industries (ROP) PT Lowered at TD Cowen; 'Was This Capitulation?'

TD Cowen analyst Joseph Giordano lowered the price target on Roper Industries (NASDAQ: ROP) to $550.00 (from $625.00) while maintaining a Buy rating.

The analyst commented: 'Was This Capitulation? At one point shares were down 15% intraday on an EPS beat in the Q and growth/EPS guides in line with Street at high end for a stock that has dramatically underperformed into results and also saw an intraday and post-close sellside downgrade. There are things to pick on, no question, but Street numbers shouldn't have to go down and we'd expect meaningful buyback here. PT to $550."

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