Transcat price target raised to $160 from $125 at Oppenheimer

Oppenheimer raised the firm’s price target on Transcat to $160 from $125 and keeps an Outperform rating on the shares. The firm says the company’s Q4 is another solid showcase of management execution and its business momentum. Oppenheimer expects larger acquisitions, ongoing automation and process improvements, and introduction of Transcat Single Source Solution to continue to drive top-line growth and margin expansion. The firm remains confident in its thesis of sustained revenue growth and margin expansion.