Transcat price target raised to $124 from $108 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Transcat to $124 from $108 and keeps a Buy rating on the shares. The analyst sees a lot to like in the company’s fiscal Q3 report. Transcat continues to deliver against revenue and adjusted EBITDA expectations, the analyst tells investors in a research note. The firm continues to see an attractive risk/reward for the shares.