- H.C. Wainwright analyst Scott Buck raised the price target on Transcat, Inc. TRNS to $105 (an upside of 20.7%) from $95 and maintained a Buy rating on the shares.
- Buck says increasing volatility "may leave investors looking for a safe space," and Transcat's visibility warrants a premium valuation.
- The analyst expects investors to gravitate towards companies like Transcat, which provides equipment calibration services to highly regulated industries such as life sciences.
- The company's customers are required to service their equipment regardless of shifts in macroeconomic conditions properly, says the analyst.
- Price Action: TRNS shares are trading lower by 2.46% at $87.02 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Posted In: Analyst ColorNewsPrice TargetReiterationSmall CapAnalyst RatingsMoversTrading IdeasBriefs
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
