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Ralliant price target lowered to $59 from $60 at Barclays

Barclays lowered the firm’s price target on Ralliant (RAL) to $59 from $60 and keeps an Overweight rating on the shares following Q2 earnings. The firm says the quarter and the outlook confirmed that the cyclical sales inflection is imminent. Barclays has moved its revenue estimates up slightly, while arguing that valuation looks very low given the sales/earnings trough.

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