Barclays Begins Coverage on Ralliant (NYSE:RAL)

Stock analysts at Barclays initiated coverage on shares of Ralliant (NYSE:RAL) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set an “overweight” rating and a $60.00 price target on the stock. Barclays‘s price objective points to a potential upside of 26.08% from the company’s current price.

Several other research analysts also recently issued reports on the company. Wall Street Zen upgraded Ralliant to a “hold” rating in a research report on Sunday. Seaport Res Ptn raised shares of Ralliant to a “hold” rating in a research report on Monday. Finally, TD Cowen initiated coverage on shares of Ralliant in a research report on Tuesday. They set a “buy” rating and a $64.00 price target for the company.

Ralliant Stock Down 1.3%

RAL stock opened at $47.59 on Tuesday. Ralliant has a 12-month low of $43.75 and a 12-month high of $55.08.

Institutional Investors Weigh In On Ralliant

A number of institutional investors have recently modified their holdings of the stock. ST Germain D J Co. Inc. acquired a new stake in shares of Ralliant in the second quarter valued at approximately $27,000. CX Institutional bought a new stake in Ralliant during the second quarter worth approximately $47,000. GAMMA Investing LLC bought a new stake in Ralliant during the second quarter worth approximately $56,000. ORG Partners LLC acquired a new position in Ralliant in the 2nd quarter worth approximately $70,000. Finally, Alpha Omega Wealth Management LLC purchased a new stake in Ralliant in the 2nd quarter worth approximately $213,000.

Ralliant Company Profile

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.