Generac price target raised to $140 from $122 at Roth Capital

Roth Capital analyst Chip Moore raised the firm’s price target on Generac (GNRC) to $140 from $122 and keeps a Neutral rating on the shares. The core standby outlook remains intact but is outage dependent, the analyst tells investors in a research note. Generac is a dominant category leader in backup power and is well positioned for long-term secular drivers, the firm says.