Transcat price target lowered to $126 from $156 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Transcat (TRNS) to $126 from $156 and keeps a Buy rating on the shares. The company’s fiscal Q2 results reset expectations, creating a buying opportunity, the analyst tells investors in a research note. The firm says that given the favorable outlook for fiscal 2026 and Transcat’s history of business execution, it would use any pullback in the coming days as an opportunity to accumulate the shares.