HC Wainwright & Co. Maintains Buy on Transcat, Raises Price Target to $124
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Scott Buck has reaffirmed a Buy rating on Transcat (NASDAQ:TRNS) and increased the price target from $108 to $124, indicating a positive outlook on the company's stock.
January 31, 2024 | 2:34 pm
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POSITIVE IMPACT
Transcat's stock may see a positive short term impact due to HC Wainwright & Co.'s maintained Buy rating and raised price target from $108 to $124.
Analyst ratings and price target adjustments are significant indicators for investors, often influencing stock prices. The increase in price target by HC Wainwright & Co. suggests a strong conviction in the company's future performance, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100