Canaccord analyst George Gianarikas lowered the firm’s price target on Generac to $140 from $175 and keeps a Buy rating on the shares. The firm said despite heightened outage activity, Generac’s residential business was weaker than expected leading the company to reduce its 2023 outlook.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GNRC: