Citi analyst Vikram Bagri upgraded Generac (GNRC) to Buy from Neutral with an unchanged price target of $207. The firm cites valuation for the upgrade with the shares down 25% since the Q3 earnings call. Fiscal 2026 expectations for Generac are reasonable, the analyst tells investors in a research note. Citi also placed an “upside 90-day catalyst watch” on the shares. It sees catalysts in Generac’s Q4 report and analyst day in March.
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