Morgan Stanley analyst Christopher Snyder initiated coverage of Ralliant (RAL) with an Overweight rating and $55 price target The company has seen organic declines over the last two years and the equity has de-rated to historic lows, the analyst tells investors in a research note. The firm now sees an opportunity for both positive estimate revisions and multiple expansion into a near- to mid-term cycle uplift.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RAL:
- Positive Outlook for Ralliant Corporation: Buy Rating Amidst Cyclical Upswing and Valuation Opportunities
- Positive Outlook and Undervaluation Drive Buy Rating for Ralliant Corporation
- Ralliant initiated with a Sector Perform at RBC Capital
- Sell Rating on Ralliant Corporation Amidst Sluggish Recovery and Margin Pressures
- Ralliant price target lowered to $59 from $60 at Barclays