Transcat price target raised to $125 from $110 at Northland

Northland raised the firm’s price target on Transcat to $125 from $110 and keeps an Outperform rating on the shares after the company reported “excellent” Q3 results last week that demonstrated the resiliency of its addressable markets and the strength of its business model. The firm calls Transcat “a superb long-term investment” and encourages “consistent buying of price dips.”