Generac price target raised to $257 from $220 at Roth Capital

Roth Capital analyst Chip Moore raised the firm’s price target on Generac (GNRC) to $257 from $220 and keeps a Neutral rating on the shares after its Q1 earnings beat. The firm is citing improving commercial and industrial trends and sizable data center potential for Generac, the analyst tells investors in a research note. Roth adds it continues to view Generac as a dominant category leader in backup power that is well positioned for long-term secular drivers.