Ralliant initiated with an Underperform at BofA

BofA initiated coverage of Ralliant (RAL) with an Underperform rating and $48 price target Ralliant has modestly underperformed peers over this cycle, with revenue declines below peers in 1Q25, the analyst tells investors in a research note. Ralliant’s industrial sensors businesses have been particularly challenged over the past two years, the firm notes, noting that it will take time for shares to gain traction with a wider investor base.