As previously reported, Janney Montgomery Scott upgraded Generac (GNRC) to Buy from Neutral with a $140 fair value estimate. The firm thinks negative sentiment has peaked with Chinese tariffs, the clean energy selloff and consumer-related concerns having driven a roughly 40% decline in the share price since mid-November of 2024, the analyst tells investors. The firm, which sees potential catalysts that include a tariff resolution, new data center products, new energy technology products, supply chain optimization and storm optionality, thinks the current share price “represents an attractive entry point,” the analyst added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GNRC:
- Generac upgraded to Buy from Neutral at Janney Montgomery Scott
- Generac price target lowered to $140 from $180 at Argus
- Generac price target lowered to $175 from $200 at Truist
- Generac Holdings: Strong Q1 Performance and Strategic Resilience Justify Buy Rating
- Generac price target lowered to $155 from $173 at TD Cowen
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue