BofA analyst Julien Dumoulin-Smith raised the firm’s price target on Generac to $130 from $110 and keeps a Neutral rating on the shares ahead of the company’s Q4 update. Home-standby, or HSB, generator sales appear poised to rebound in FY24, though the cadence of a recovery is “less clear,” says the analyst, who maintains a forecast for year-over-year growth in HSB sales of 10% in FY24.
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