Research analysts at Barclays initiated coverage on shares of Ralliant (NYSE:RAL - Get Free Report) in a report released on Tuesday, MarketBeat reports. The brokerage set an "overweight" rating and a $60.00 price target on the stock. Barclays's price objective would indicate a potential upside of 25.50% from the stock's previous close.
Several other brokerages have also recently commented on RAL. Wall Street Zen upgraded shares of Ralliant to a "hold" rating in a research report on Sunday. Seaport Res Ptn upgraded shares of Ralliant to a "hold" rating in a research report on Monday. Finally, TD Cowen began coverage on shares of Ralliant in a research report on Tuesday. They set a "buy" rating and a $64.00 target price for the company.
Check Out Our Latest Report on RAL
Ralliant Stock Performance
RAL stock traded up $0.33 during trading on Tuesday, hitting $47.81. The company had a trading volume of 963,274 shares, compared to its average volume of 4,528,224. Ralliant has a 12 month low of $43.75 and a 12 month high of $55.08.
Hedge Funds Weigh In On Ralliant
Several institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in shares of Ralliant in the 2nd quarter valued at $2,788,000. Public Employees Retirement System of Ohio acquired a new position in shares of Ralliant in the 2nd quarter valued at $1,799,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Ralliant in the 2nd quarter valued at $662,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in shares of Ralliant in the 2nd quarter valued at $356,000. Finally, TD Private Client Wealth LLC acquired a new position in Ralliant in the 2nd quarter worth $284,000.
About Ralliant
(
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Ralliant Corporation is a provider of precision technologies which specializes in designing, developing, manufacturing and servicing precision instruments and engineered products. Ralliant Corporation is based in RALEIGH, N.C.
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