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Generac price target lowered to $155 from $175 at Piper Sandler

Piper Sandler lowered the firm’s price target on Generac (GNRC) to $155 from $175 and keeps an Overweight rating on the shares. The firm says Q1 earnings will likely be a sideshow as investor focus will surround tariffs. Generac has a global supply-chain, multiple sourcing options, and meaningful inventory on hand but is exposed to China. Piper expects the company to transition to imports from non-Chinese countries and believes additional price hikes are likely over time.

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