Generac price target raised to $228 from $213 at Barclays

Barclays analyst Christine Cho raised the firm’s price target on Generac (GNRC) to $228 from $213 and keeps an Equal Weight rating on the shares following the investor day. The market initially expressed disappointment at the absence of a hyperscaler contract, but the stock partially recovered when management disclosed that it had received a non-binding notice to proceed with terms outlining $600M of potential sales, the analyst tells investors in a research note.