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Generac price target raised to $220 from $200 at UBS

UBS analyst Jon Windham raised the firm’s price target on Generac (GNRC) to $220 from $200 and keeps a Buy rating on the shares. The company reported a Q2 beat due to strong growth in residential products, specifically storage shipments into Puerto Rico, the analyst tells investors in a research note. UBS continues to find Generac’s “dominant” home standby power market position and valuation as attractive.

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