Oppenheimer analyst Ian Zaffino raised the firm’s price target on Ralliant (RAL) to $60 from $55 and keeps an Outperform rating on the shares. The firm notes that following the spin from Fortive (FTV) about 6 months ago, Ralliant delivered a solid Q3 and management remains bullish on long-term growth opportunities.
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Read More on RAL:
- Ralliant initiated with a Buy at Truist
- Ralliant upgraded to Buy from Neutral at Citi
- Ralliant Corporation Amends Credit Agreement with PNC Bank
- Promising Outlook for Ralliant Corporation: Buy Rating Backed by Strong Growth and Undervaluation
- Ralliant price target raised to $52 from $45 at RBC Capital