Transcat price target raised to $156 from $124 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Transcat to $156 from $124 and keeps a Buy rating on the shares. The company’s revenue and adjusted EBITDA beat in fiscal Q4 and gross margins continue to move higher, the analyst tells investors in a research note. The firm believes Transcat could potentially use its stock as acquisition currency to complete larger transactions, which would serve as a potential catalyst.