Generac upgraded to Hold from Underperform at Jefferies

Jefferies upgraded Generac (GNRC) to Hold from Underperform with a price target of $200, up from $150. The firm views the company’s strategic shift away from underperforming clean technology investments as a positive which should increase margins. Generac’s execution in the data center market remains uncertain over the long term due competition, but its current backlog provides visibility while helping investor sentiment, the analyst tells investors in a research note.