TD Cowen lowered the firm’s price target on Generac (GNRC) to $173 from $183 and keeps a Buy rating on the shares. The firm said the company’s residential strength is expected to continue bolstered by hurricane-driven demand and record in-home consultations while C&I faces persistent softness in Europe and rental/telecom markets. The upcoming energy storage/solar re-launch is a potential longer-term catalyst.
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Read More on GNRC:
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