RBC Capital last night initiated coverage of Ralliant (RAL) with a Sector Perform rating and $47 price target The firm likes the company’s portfolio of businesses but has near-term concerns around its “choppy” performance, short-cycle mix and “outsized” China exposure. It sees a balanced risk/reward at current share levels.
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Read More on RAL:
- Ralliant initiated with a Sector Perform at RBC Capital
- Sell Rating on Ralliant Corporation Amidst Sluggish Recovery and Margin Pressures
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