Transcat Reaches Analyst Target Price
July 16, 2018 at 08:48 AM EDT
In recent trading, shares of Transcat Inc (TRNS) have crossed above the average analyst 12-month target price of $21.67, changing hands for $21.95/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..