Generac price target lowered to $120 from $145 at Truist

Truist lowered the firm’s price target on Generac to $120 from $145 and keeps a Hold rating on the shares ahead of its Q1 results this week. The stock has declined 25% since reporting Q4 as broader macro concerns and the recent company headwinds have led investors to question the likelihood of a significant ramp in sales and earnings over the second half of they year that is implied by its FY23 guidance, the analyst tells investors in a research note.