TD Cowen raised the firm’s price target on Generac to $170 from $159 and keeps an Outperform rating on the shares. The firm continues to like the longer-term value proposition for Generac shares at current levels and are optimistic going into the 2Q23 print given the weather dynamics already experienced year-to-date coupled with NOAA s forecast of 12-17 named storms during the Atlantic Hurricane Season as well as continued strength from Generac s C&I business.
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