Roth MKM raised the firm’s price target on Generac (GNRC) to $175 from $160 but keeps a Neutral rating on the shares. The firm cites rising demand following the recent outage events as it anticipates extended “afterglow” well into 2025. Roth MKM adds that it is incrementally more positive on Generac’s strategy and potential, though it continues to find risk/reward on the stock “more balanced” at current levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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>>
Read More on GNRC:
- Generac price target raised to $172 from $128 at Citi
- Generac selected for $50M award by Department of Energy
- Generac price target raised to $178 from $160 at JPMorgan
- Generac price target raised to $190 from $175 at Piper Sandler
- Generac up 3% after Trump promises generator tax deductions if elected