Goldman Sachs keeps a Buy rating and $135 price target on Generac after its Analyst Day presentation. The analyst says the firm has come away with a continued positive view of a cyclical recovery in residential stand-by where management formalized a $300M destock estimate. Generac also laid out targets for raising the use of its commercial & industrial stand-by generators in “peaker” prime power applications, which is a “key driver” of the company’s decision to expand capacity in the business, the firm tells investors in a research note.
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