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Fly News Breaks for May 25, 2016
ROP
May 25, 2016 | 07:57 EDT
Canaccord said the points made by a short report on Roper Technologies does not have them concerned, citing the company's underlying cash profitability, healthy balance sheet, and more GAAP-centric orientation. The firm also expects the company to continue to set the pace for the industrial technology market in terms of return and valuation, but would look for more of an opening to get constructive on the shares. Canaccord maintained its Hold rating and $180 price target on Roper Technologies shares.
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