Transcat price target raised to $116 from $106 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Transcat (TRNS) to $116 from $106 and keeps a Buy rating on the shares. The company’s fiscal Q4 results “bounce back,” the analyst tells investors in a research note. The firm says more normalized organic growth at Transcat “returns for now,” creating a “potential port in a storm as macro uncertainty rises.”