JPMorgan analyst Stephen Tusa raised the firm’s price target on Roper Technologies (ROP) to $561 from $470 and keeps a Neutral rating on the shares. The electrical equipment and multi-industry sector has re-rated due to tariff de-escalation, and is now expensive on an absolute basis, the analyst tells investors in a research note. The firm adjusted price targets to reflect a higher absolute anchor multiple that reflects the move up in the S&P 500. JPMorgan prefers companies who guided conservatively, “embedding the harshest tariff reality.”
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROP:
- Microsoft downgraded, Reddit upgraded: Wall Street’s top analyst calls
- Roper Technologies: Strategic Positioning and Financial Strength Drive Buy Rating
- Roper Technologies initiated with an Outperform at William Blair
- Roper Technologies Reports Strong Q1 2025 Growth
- Positive Outlook for Roper Technologies: Buy Rating Driven by Application Software Growth and EPS Momentum