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Fly News Breaks for December 7, 2016
ROP
Dec 7, 2016 | 07:36 EDT
Canaccord analyst John Quealy raised his price target on Roper Technologies to $187 from $175 after the company announced it would buy Deltek for $2.8B in cash. The analyst said Roper's core growth and margin expansion story remains intact longer-term and sees a premium as warranted given its track record of value creation. Quealy maintained his Hold rating on Roper shares, but admitted the company continues to set the pace for the broader industrial technology market.
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