Baird analyst Michael Halloran raised the firm’s price target on Generac to $129 from $112 and keeps a Neutral rating on the shares. The firm said they posted slight 4Q downside and 1Q implied guidance well below street implying a sharp ramp though the year.
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Read More on GNRC:
- Generac’s (NYSE:GNRC) Q4 Results Fall Short of Estimates
- Generac Reports Fourth Quarter and Full-Year 2023 Results
- Generac sees FY24 net sales up 3%-7% from last year
- Generac reports Q4 adjusted EPS $2.07, consensus $2.08
- Generac price target raised to $130 from $110 at BofA
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