Ralliant price target raised to $68 from $53 at Truist

Truist analyst Kevin Wilson raised the firm’s price target on Ralliant (RAL) to $68 from $53 and keeps a Buy rating on the shares after its Q1 earnings beat and guidance. The outlook now assumes top line growth of 5%-8% this year, up from 2%-6% seen previously, led by T&M now expected up high single digits as Ralliant is seeing broad-based demand momentum, solid order funnels, and improving sentiment across its end markets, the analyst tells investors in a research note.