RBC Capital analyst Deane Dray raised the firm’s price target on Ralliant (RAL) to $52 from $45 and keeps a Sector Perform rating on the shares. The company delivered a clean 5% Q3 operating beat in its debut quarter following its June-28 spin from Fortive, the analyst tells investors in a research note. Investors are still coming up to speed on the Ralliant businesses and sizing up the new management team, the firm added.
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