Transcat rises after brokerages lift PT on Q4 results beat

Transcat

22/05/2024 15:50

** Calibration service provider Transcat's shares  TRNS.O 
rise 2.5% to $145.35
    ** Oppenheimer raises PT to $160 from $125, representing a
~13 upside to the stock's last close
    ** Sees larger acquisitions, ongoing automation and process
improvements to continue driving top-line growth and margin
expansion
    ** H.C. Wainwright lifts PT to $156 from $124, a ~10 upside
to the last close
    ** Cites co's "growth opportunities coupled with strong
underlying secular demand from core markets"
    ** TRNS, on Tuesday, reported Q4 revenue of $70.9 mln, above
LSEG estimates of $62.1 mln
    ** Four brokerages rate the stock "buy" or higher and one 
"hold"; their median PT is $150 - LSEG data
    ** Stock had risen ~33% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))