HC Wainwright & Co. Maintains Buy on Transcat, Lowers Price Target to $126
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained a Buy rating on Transcat (NASDAQ:TRNS) but lowered the price target from $156 to $126.
October 30, 2024 | 1:53 pm
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NEUTRAL IMPACT
HC Wainwright & Co. has maintained a Buy rating on Transcat but reduced the price target from $156 to $126, indicating a more conservative outlook.
The maintenance of a Buy rating suggests continued confidence in Transcat's performance, but the lowered price target indicates a more cautious approach, possibly due to market conditions or company-specific factors. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100