** TD Cowen raises price target on precision-technology maker Ralliant Corp RAL.N to $70 from $55, maintains rating at "buy"

** New PT has an upside of 19.5% from the stock's last close

** Brokerage says strong demand for grid upgrades and defense technologies is driving co's organic volume growth in line with the market

** Adds strong backlog and cost-cutting measures are supporting steady growth and improving earnings leverage through FY27

** Seven of 12 brokerages rate the stock "buy" or higher, four "hold" and one "sell"; their median PT is $66 - data compiled by LSEG

** As of last close, stock had risen 15.1% YTD