Baird upgraded Generac (GNRC) to Outperform from Neutral with a price target of $199, down from $215. The firm sees a “compelling” risk/reward at current share levels. Generac has a “variety of unique catalysts ahead” with a diesel genset opportunity and reduction of the residential clean energy EBITDA drag, the analyst tells investors in a research note. Baird likes the shares into the company’s March’s analyst day amid the “muted” investor sentiment.
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