Generac price target raised to $160 from $125 at Truist

Truist analyst Jordan Levy raised the firm’s price target on Generac to $160 from $125 but keeps a Hold rating on the shares ahead of its Q2 results. Amid an abnormally hot summer, Generac shares have seen strong outperformance, the analyst tells investors in a research note. The firm adds however that it continue to see elevated risk to FY23 targets on a potential pullback in consumer spending along w/headwinds to a Clean Energy segment recovery as evidenced by residential solar peers.