Stifel raised the firm’s price target on Generac (GNRC) to $210 from $185 and keeps a Buy rating on the shares. The firm believes Generac is well-positioned to deliver solid 2024-25 and beyond growth, fueled by significant recent outage activity, declining reliability of the grid, and rising electricity demand, the analyst tells investors.
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Read More on GNRC:
- Generac price target raised to $175 from $156 at Wells Fargo
- Generac price target raised to $183 from $172 at TD Cowen
- Generac price target lowered to $181 from $187 at Baird
- Generac Holdings Sees Strong Q3 Sales and Margin Expansion
- Stifel expects Generac shares to ‘react well’ after Q3 report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
