Transcat price target lowered to $106 from $126 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Transcat (TRNS) to $106 from $126 and keeps a Buy rating on the shares. The company reported a second consecutive quarter of softer than expected operating results, the analyst tells investors in a research note. The firm says that while Transcat’s revenue headwinds will persist near term, its longer term outlook remains more favorable.