BofA lowered the firm’s price target on Generac (GNRC) to $224 from $236 and keeps a Buy rating on the shares after having hosted CFO York Ragen for a meeting in December. The February earnings call will likely center on two narratives: near-term pressure in home standby versus Generac’s aggressive positioning for hyperscale growth, the analyst tells investors in a preview. Residential demand remains soft following an unusually light outage environment, with management expecting Q1 to stay weak before a seasonal recovery in the second half, the analyst added.
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