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Analysts Offer Insights on Industrial Goods Companies: Transcat (TRNS) and Ralliant Corporation (RAL)

Tipranks - Sat Apr 11, 7:54AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Transcat (TRNS) and Ralliant Corporation (RAL) with bullish sentiments.

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Transcat (TRNS)

Lake Street analyst Max Michaelis maintained a Buy rating on Transcat today and set a price target of $105.00. The company’s shares closed last Thursday at $80.52, close to its 52-week low of $67.56.

According to TipRanks.com, Michaelis is a 5-star analyst with an average return of 57.7% and a 55.8% success rate. Michaelis covers the Technology sector, focusing on stocks such as Benchmark Electronics, Quantum Computing, and Aehr Test Systems. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Transcat with a $100.00 average price target.

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Ralliant Corporation (RAL)

Morgan Stanley analyst Christopher Snyder maintained a Buy rating on Ralliant Corporation today and set a price target of $45.00. The company’s shares closed last Thursday at $44.50.

According to TipRanks.com, Snyder is a 4-star analyst with an average return of 10.1% and a 53.4% success rate. Snyder covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Stanley Black & Decker. ;'>

Ralliant Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $48.88.

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