Canaccord lowered the firm’s price target on Generac (GNRC) to $180 from $200 and keeps a Buy rating on the shares. The firm said they reported strong Q1 results but unfortunately guidance was tweaked lower at the midpoint. Canaccord believes Generac could prove to be resilient in the face of overall uncertainty if outage activity is strong throughout 2025.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GNRC:
- Generac Holdings Reports Strong Q1 2025 Results
- Generac Holdings Q1 2025 Earnings: Growth Amid Challenges
- Generac Holdings: Strong Growth Potential and Strategic Positioning Justify Buy Rating
- Generac reports Q1 adjusted EPS $1.26, consensus 97c
- Generac broadens 2025 revenue growth view to 0%-7% from 3%-7%