Analyst Jordan Levy downgraded shares to hold from buy, saying shares could fall 14% from Friday's closing price.
It's time to sell Generac amid greater macro challenges this year, according to Truist. Analyst Jordan Levy downgraded shares to hold from buy, saying higher interest rates and inflation hurt the outlook for the power generator maker.
Levy lowered his price target to $145 from $160, which implies shares have about 14% upside from Friday's closing price of $126.77. Shares fell 3% in Tuesday premarket trading. "GNRC's internal challenges, both related to its core home standby generator business & emerging Clean Energy products business have been discussed by mgmt at length over the last several quarters, and we believe are well understood by the Street," Levy wrote.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Roku Blazes Higher on Huge Upgrade: 5 Big Analyst Calls | Pro Recap | Investing.comStocks Analysis by Garrett Cook covering: Apple Inc, Activision Blizzard Inc, Occidental Petroleum Corporation, Marriott International Inc. Read Garrett Cook's latest article on Investing.com
Read more »
China could push Russia-Ukraine conflict to 'true world war,' analyst warnsThomas Friedman said on Sunday that China wants a 'prolonged' war in Ukraine to keep the United States tied down.
Read more »
Top Wall Street analysts are bullish on these 5 stocksTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Meta Platforms & Wynn Resorts.
Read more »
NBA's Jordan Clarkson Honors Family With Custom Gold Chain At All-Star WeekendJordan Clarkson got a custom gold chain to honor his family for this past weekend's NBA All-Star Game festivities.
Read more »