Truist raised the firm’s price target on Roper Technologies (ROP) to $685 from $675 and keeps a Buy rating on the shares. Roper reported solid Q2 results, featuring “notably better” organic growth of 5% in Network Software, and announced the acquisition of faith/church tech platform Subsplash, which fits well with the company’s strategy of acquiring maturing leader businesses with higher growth profiles and strong long-term margin expansion potential, the analyst tells investors in a research note.
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