Ralliant price target lowered to $50 from $60 at Oppenheimer

Oppenheimer lowered the firm’s price target on Ralliant (RAL) to $50 from $60 and keeps an Outperform rating on the shares. The firm notes FY26 guidance was weaker than expected, owing to a 250bps headwind from lapping lower pre-spin operating costs and slightly weaker T&M margins. However, revenue growth of 2%-6% year-over-year is in line with expectations.