Generac price target raised to $118 from $105 at Roth MKM

Roth MKM analyst Chip Moore raised the firm’s price target on Generac to $118 from $105 and keeps a Neutral rating on the shares ahead of its Q4 results. The company is a dominant category leader in back-up power that is well positioned for a number of long-term secular drivers, though the risk-reward on the stock is balanced at current levels, the analyst tells investors in a research note.