
Oppenheimer starts coverage of Ralliant, RAL.N, rating the makers of precision tech "outperform", seeing an investment opportunity in the recently spun-off firm
Broker says Ralliant's larger and higher-margin Sensors and Safety Systems business offers an attractive play on grid hardening, higher power needs, and larger aerospace and defense budgets
It expects the company's Test and Measurement unit to return to Y/Y growth in 2026, as end-markets recover
Oppenheimer sets a TP at $55 per share, compared to a share price of $42.26 as of Tuesday's end