BUZZ-Roper Technologies receives 'buy' rating as Stifel starts coverage

Reuters

03-27

BUZZ-Roper Technologies receives 'buy' rating as Stifel starts coverage

** Brokerage Stifel starts coverage on software firm Roper Technologies ROP.O with "buy" rating and PT of $685

** New PT represents 17.5% upside to the stock's last close

** Brokerage sees upside to ROP's diversified business and its specialized software products across various niche markets

** "We believe that Roper's focus on software will continue to drive increased organic growth as it leverages advanced technologies to enhance product offerings, streamline operations and expand its customer base" - Stifel analysts

** 11 of 18 brokerages rate stock "buy" or higher, 6 rate "hold", 1 rate sell; their median PT is $645 as per data compiled by LSEG

** ROP up 12.1% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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