Roth Capital analyst Chip Moore raised the firm’s price target on Generac (GNRC) to $184 from $178 and keeps a Neutral rating on the shares. The firm is citing the company’s Q3 results given more challenging trends for core home standby business, even as momentum in data center is rapidly building, the analyst tells investors in a research note. Generac remains a dominant category leader in backup power and well-positioned for long-term secular drivers, the firm added.
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