Northland analyst Ted Jackson lowered the firm’s price target on Transcat (TRNS) to $110 from $130 and keeps a Market Perform rating on the shares. Transcat reported Q2 results, missing sales and earnings expectations, which drove a “modest reduction” in the firm’s near-term financial forecast, the analyst tells investors.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRNS:
- Transcat price target lowered to $130 from $155 at Oppenheimer
- Transcat price target lowered to $126 from $156 at H.C. Wainwright
- Transcat, Inc. Reports Steady Q2 Revenue and Profit Growth
- Transcat reports Q2 adjusted EPS 52c, consensus 46c
- Transcat expects FY25 organic service revenue growth in mid-single digits