BofA lowered the firm’s price target on Generac (GNRC) to $248 from $260 and keeps a Buy rating on the shares following the company’s investor day meeting. Generac is pivoting from an outage-sensitive residential generator business into a diversified power resiliency platform with structural exposure to AI-driven data center demand, says the analyst, who adds that “investor frustration is understandable,” but contends that “the story has not changed. The timeline has.” The firm cites updated estimates and marked-to-market comps for its trimmed target.
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