Craig-Hallum Maintains Buy on Transcat, Lowers Price Target to $113
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Greg Palm maintains a Buy rating on Transcat (NASDAQ:TRNS) but lowers the price target from $138 to $113.
October 30, 2024 | 1:24 pm
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Craig-Hallum's analyst Greg Palm continues to recommend buying Transcat stock but has reduced the price target from $138 to $113, indicating a more conservative outlook.
The analyst's decision to maintain a Buy rating suggests confidence in the company's prospects, but the lowered price target reflects a more cautious stance on its valuation. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100