BofA raised the firm’s price target on Generac (GNRC) to $236 from $221 and keeps a Buy rating on the shares. Q3 was a short-term “setback” in an “otherwise strengthening” long-term story, the analyst tells investors. The firm cites updated estimates and peer mark-to-market for its raised target. The setup into 2026-28 “offers a clear path” toward margin recovery, capacity expansion, and a commercial & industrial business on pace to double by 2029, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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 lowered to $215 from $220 at UBS
- Generac price target raised to $184 from $178 at Roth Capital
- Generac Holdings: Buy Rating Amid Data Center Growth and Strategic Initiatives Despite Short-term Challenges
- Generac Holdings: Strategic Growth and Data Center Expansion Drive Buy Rating
- Generac Holdings: Buy Rating Backed by Data Center Growth Potential Amid Mixed Q3 Performance