Barclays raised the firm’s price target on Generac (GNRC) to $197 from $188 and keeps an Equal Weight rating on the shares. The company missed estimates and lowered its guidance but data center demand is picking up, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GNRC:
- Generac price target raised to $236 from $221 at BofA
- Generac price target lowered to $215 from $220 at UBS
- Generac price target raised to $184 from $178 at Roth Capital
- Generac Holdings: Buy Rating Amid Data Center Growth and Strategic Initiatives Despite Short-term Challenges
- Generac Holdings: Strategic Growth and Data Center Expansion Drive Buy Rating
