Roper Technologies price target lowered to $510 from $600 at Mizuho

Mizuho analyst Brett Linzey lowered the firm’s price target on Roper Technologies (ROP) to $510 from $600 and keeps a Neutral rating on the shares. The firm adjusted electrical equipment and multi-industry models ahead of the Q3 reports. Trade frictions and policy uncertainty are holding back some investment in the group, the analyst tells investors in a research note. Mizuho says short-cycle demand trends point to stability with better prospects in the U.S., while international markets are still dealing with de-globalization trends.