Generac price target lowered to $117 from $131 at Wells Fargo
The Fly

Generac price target lowered to $117 from $131 at Wells Fargo

Wells Fargo lowered the firm’s price target on Generac to $117 from $131 and keeps an Equal Weight rating on the shares. The firm notes the company reported a slight Q3 beat, with 2023 financial targets being mostly maintained. Although field inventories are normalizing, Wells remains on the sidelines given macro uncertainty and demand softness for other products.

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