Roper Technologies price target lowered to $398 from $539 at RBC Capital

RBC Capital lowered the firm’s price target on Roper Technologies (ROP) to $398 from $539 and keeps a Sector Perform rating on the shares after its results and guidance. The sharp selloff in the stock was collectively driven by angst on the softer second-half-weighted organic growth guidance and extended picking at three portfolio soft spots – Deltek, Neptune, and Procare, the analyst tells investors in a research note. The emerging AI-threat across Roper’s businesses remains a black cloud over the story and cannot be disproven for the next year or so, RBC added.