Roth Capital analyst Chip Moore lowered the firm’s price target on Generac (GNRC) to $122 from $162 and keeps a Neutral rating on the shares ahead of its Q1 results next week. The company’s core standby outlook remains healthy, though the firm is looking for better visibility on C&I – commercial and industrial – and the clean energy portfolio to get more aggressive, the analyst tells investors in a research note.
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Read More on GNRC:
- Analyst Squabble Gives Generac (NYSE:GNRC) a Little Extra
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- Generac price target lowered to $155 from $175 at Piper Sandler
- Positive Outlook for Generac Holdings Amid Strong Demand and Strategic Innovations
- Generac downgraded to Negative from Mixed view at BWG Global