BofA raised the firm’s price target on Generac (GNRC) to $236 from $221 and keeps a Buy rating on the shares. Q3 was a short-term “setback” in an “otherwise strengthening” long-term story, the analyst tells investors. The firm cites updated estimates and peer mark-to-market for its raised target. The setup into 2026-28 “offers a clear path” toward margin recovery, capacity expansion, and a commercial & industrial business on pace to double by 2029, the analyst tells investors.
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