Roth MKM analyst Chip Moore raised the firm’s price target on Generac to $118 from $105 and keeps a Neutral rating on the shares ahead of its Q4 results. The company is a dominant category leader in back-up power that is well positioned for a number of long-term secular drivers, though the risk-reward on the stock is balanced at current levels, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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:
- Generac Announces Fourth Quarter and Full-Year 2023 Earnings Release Date and Conference Call
- Generac price target raised to $150 from $135 at Stifel
- SHAREHOLDER ALERT: Potential Recovery for Generac Holdings, Inc. (GNRC) Investors
- Generac CEO Jagdfeld sells 5,000 common shares
- Class Action Lawsuit Filed Against Generac Holdings Inc. (NYSE:GNRC)