Northland Downgrades Transcat Inc. (TRNS) to Market Perform 'on Valuation'

Northland analyst Ted Jackson downgraded Transcat Inc. (NASDAQ: TRNS) from Outperform to Market Perform, PT $130.00 (from $125.00).

The analyst comments "We are lowering our rating from OP to MP because of valuation. TRNS reported another solid quarter with sales, earnings and EBITDA beating expectations. 4Q24 margin improvement was impressive and sustainable. We revised our financial forecast higher to incorporate the recent Becnel acquisition and better margin profile. We see shares worth somewhere between $125 and $135."

For an analyst ratings summary and ratings history on Transcat Inc. click here. For more ratings news on Transcat Inc. click here.

Shares of Transcat Inc. closed at $141.86 yesterday.

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