Generac price target lowered to $140 from $180 at Argus

Argus lowered the firm’s price target on Generac (GNRC) to $140 from $180 and keeps a Buy rating on the shares. The firm is positive on the company’s robust opportunities over the long term as volatile weather, grid instability, and the proliferation of electronic devices drive demand for backup generators, but while the management is achieving wider margins as revenues grow, Generac’s near term results are likely to be affected by tariffs and the trade wars, the analyst tells investors in a research note.