Piper Sandler analyst Clarke Jeffries initiated coverage of Roper Technologies (ROP) with an Overweight rating and $600 price target The company has transformed from an industrial product manufacturer to a vertical software franchise spanning healthcare, education, financial services and logistics, the analyst tells investors in a research note. Piper believes Roper’s acquisition approach has brought “durable” free cash flow with growing recurring revenue. It views the company as a long-term compounder.
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