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Generac price target lowered to $180 from $210 at Argus

Generac price target lowered to $180 from $210 at Argus

Argus lowered the firm’s price target on Generac (GNRC) to $180 from $210 but keeps a Buy rating on the shares. The company’s Q4 results topped analysts’ expectations for the fourth quarter in a row and the management is seeing considerable opportunity ahead as power outages from recent hurricanes in the U.S. are driving demand for its home standby and portable generators, the analyst tells investors in a research note. Argus adds however that its reduce price target takes into account the impact of higher interest rates on growth stock valuations.

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