TD Cowen Downgrades Roper Techs to Market Perform, Maintains $535 Price Target
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Joseph Giordano has downgraded Roper Technologies (NASDAQ:ROP) from Outperform to Market Perform while maintaining a $535 price target on the stock.
January 04, 2024 | 11:12 am
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Roper Technologies was downgraded by TD Cowen from Outperform to Market Perform, though the price target remains unchanged at $535.
The downgrade to Market Perform suggests that TD Cowen no longer sees the stock outperforming the market, which could lead to a neutral or slightly negative investor sentiment in the short term. However, since the price target was not adjusted, this indicates that the fundamental valuation of the company remains intact, which might mitigate any negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100