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Roper Technologies downgraded to Underperform from Neutral at Mizuho

Mizuho downgraded Roper Technologies (ROP) to Underperform from Neutral with a price target of $419, down from $510. The firm sees see a continued overhang on the stock’s valuation with Roper’s threats from artificial intelligence rising as adoption proliferates. Mizuho believes the company needs a growth acceleration to “thwart bear concerns” surrounding AI threats. However, Roper’s growth could be “obfuscated by cyclical constraints and increasing displacement risk of incremental customers,” the firm adds.

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