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Fly News Breaks for February 5, 2018
ROP
Feb 5, 2018 | 07:46 EDT
RBC Capital analyst Deane Dray raised his price target on Roper Technologies to $319 and kept his Outperform rating. Dray notes the company is a significant beneficiary of U.S. tax reform, leading to an upside to FY18 outlook along with an additional $1B to its M&A target through 2021. The analyst also sees Roper's M&A pipeline as "robust", while noting the recent appointment of a new COO begin an orderly CEO transition.
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