H.C. Wainwright Sees 21% Upside In Transcat

December 20, 2021 3:00 PM | 1 min read

H.C. Wainwright analyst Scott Buck raised the price target on Transcat, Inc. TRNS to $105 (an upside of 20.7%) from $95 and maintained a Buy rating on the shares.
Buck says increasing volatility "may leave investors looking for a safe space," and Transcat's visibility warrants a premium valuation.
The analyst expects investors to gravitate towards companies like Transcat, which provides equipment calibration services to highly regulated industries such as life sciences.
The company's customers are required to service their equipment regardless of shifts in macroeconomic conditions properly, says the analyst.
Price Action: TRNS shares are trading lower by 2.46% at $87.02 on the last check Monday.