Citi analyst George Kurosawa initiated coverage of Roper Technologies (ROP) with a Buy rating and $626 price target The company’s latest “more subtle” evolution has gone overlooked by investors, with expanded operational and capital allocation capabilities that should drive higher value capture and a path to accelerating organic growth, the analyst tells investors in a research note. AI is “more opportunity than threat” for Roper, leveraging advantages from vertical-specific data/expertise and the agility of the company’s decentralized operating model, Citi added.
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