Stifel analyst Stephen Gengaro says Generac’s (GNRC) Q3 results and “more optimistic outlook support our bullish outlook for the shares,” noting that stronger-than-expected margins boosted adjusted EBITDA 10% above the firm’s estimate despite a slight revenue miss. The firm, which awaits details on the conference call and expects “the stock to react well,” maintains a Buy rating on Generac shares.
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