Roth MKM analyst Chip Moore raised the firm’s price target on Generac (GNRC) to $162 from $156 and keeps a Neutral rating on the shares after its Q4 earnings beat. The core standby generator outlook stays healthy, and while the firm awaits better visibility on Commercial & Industrial segment sales and the clean energy portfolio to get more aggressive, the company remains a dominant category leader in backup power that is well-positioned for long-term secular drivers, the analyst tells investors in a research note.
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Read More on GNRC:
- Generac price target lowered to $171 from $172 at Baird
- Generac price target raised to $205 from $200 at UBS
- Generac Holdings: Strong Market Position and Growth Potential Justify Buy Rating
- Generac price target lowered to $175 from $185 at Piper Sandler
- Generac price target lowered to $165 from $175 at Wells Fargo
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