Evercore ISI Initiates Coverage on Ralliant (NYSE:RAL)

Stock analysts at Evercore ISI began coverage on shares of Ralliant (NYSE:RAL) in a research report issued on Friday, Marketbeat Ratings reports. The firm set an “in-line” rating and a $52.00 price target on the stock. Evercore ISI’s price target indicates a potential upside of 11.35% from the stock’s current price.

A number of other brokerages have also recently weighed in on RAL. Wall Street Zen upgraded shares of Ralliant to a “hold” rating in a research note on Sunday, July 13th. Seaport Res Ptn raised shares of Ralliant to a “hold” rating in a research report on Monday, July 14th. Barclays set a $60.00 target price on shares of Ralliant and gave the stock an “overweight” rating in a research report on Tuesday. Finally, TD Cowen started coverage on shares of Ralliant in a research report on Tuesday, July 15th. They set a “buy” rating and a $64.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $58.67.

Ralliant Stock Down 2.7%

Shares of Ralliant stock opened at $46.70 on Friday. Ralliant has a 1-year low of $43.75 and a 1-year high of $55.08.

Hedge Funds Weigh In On Ralliant

Institutional investors and hedge funds have recently bought and sold shares of the stock. Liberty Capital Management Inc. bought a new stake in Ralliant in the 2nd quarter valued at $520,000. Brown Shipley& Co Ltd bought a new stake in Ralliant in the 2nd quarter valued at $259,000. Dogwood Wealth Management LLC bought a new stake in Ralliant in the 2nd quarter valued at $87,000. ORG Partners LLC bought a new stake in Ralliant in the 2nd quarter valued at $70,000. Finally, CX Institutional bought a new stake in Ralliant in the 2nd quarter valued at $47,000.

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.