Wells Fargo lowered the firm’s price target on Generac to $128 from $130 and keeps an Equal Weight rating on the shares. Generac reported “mixed” Q4 results, and 2024 sales and EBITDA margin guidance were below estimates, the analyst tells investors in a research note.
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Read More on GNRC:
- Generac price target raised to $129 from $112 at Baird
- Generac downgraded to Neutral from Buy at Guggenheim
- Generac CEO: Secular growth opportunities in our markets are intact
- Generac sees Q1 adjusted EBITDA margins in mid-12% range
- Generac’s (NYSE:GNRC) Q4 Results Fall Short of Estimates
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