Craig-Hallum analyst Greg Palm raised the firm’s price target on Transcat (TRNS) to $125 from $113 and keeps a Buy rating on the shares. Earlier this week, Transcat acquired Martin Calibration, which should be a highly strategic fit, adding scale, service capabilities and geographic exposure to the Midwest, the firm says. Financially, Craig-Hallum expects it to be accretive to EBITDA margins and overall profitability, with significant synergy potential.
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