UBS raised the firm’s price target on Generac (GNRC) to $205 from $200 and keeps a Buy rating on the shares. Generac’s Q4 results were ahead of consensus estimates and fiscal 2025 guidance was in line with estimates, the analyst tells investors in a research note. UBS views Generac as a key beneficiary of increased demand for home standby generators with ample room to grow in the 7% penetrated market.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GNRC:
- 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
- Generac Holdings Reports Record 2024 Financial Results
- Generac Holdings Positioned for Long-Term Growth Amidst Increasing Demand and Strategic Product Developments