Generac price target lowered to $160 from $170 at Truist

Truist analyst Bronson Fleig lowered the firm’s price target on Generac to $160 from $170 but keeps a Buy rating on the shares ahead of its Q4 results this Wednesday. The stock has started to see some relief thus far this year after an 80% decline from its Q4 of 2021 peak, and the company’s prior 2023 commentary is helping to de-risk the upcoming official guidance, the analyst tells investors in a research note. Truist also believes that the execution on initiatives in Clean Energy and installer issues could set up Generac for a "sustained recovery".