Roth MKM raised the firm’s price target on Generac to $160 from $135 and keeps a Neutral rating on the shares ahead of its Q2 results this week. The firm’s checks indicate improving core demand overall, although it continues to look for better visibility on the company’s commercial and industrial business and its clean energy portfolio to get more constructive, the analyst tells investors in a research note. The stock’s risk/reward is balanced at current levels, Roth MKM added.
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