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Barclays Sticks to Their Buy Rating for Ralliant Corporation (RAL)

Tipranks - Tipranks - Tue Feb 10, 2:58AM CST

Barclays analyst Julian Mitchell maintained a Buy rating on Ralliant Corporation today and set a price target of $52.00.

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According to TipRanks, Mitchell is a top 100 analyst with an average return of 17.4% and a 69.67% success rate. Mitchell covers the Industrials sector, focusing on stocks such as GE Vernova Inc., Eaton, and Emerson Electric Company.

In addition to Barclays, Ralliant Corporation also received a Buy from Citi’s Piyush Avasthy in a report issued on February 6. However, on February 7, TipRanks – Anthropic reiterated a Hold rating on Ralliant Corporation (NYSE: RAL).

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Based on Ralliant Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $554.6 million and a GAAP net loss of $1.39 billion. In comparison, last year the company earned a revenue of $548.1 million and had a net profit of $31.1 million

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