Oppenheimer Maintains Outperform on Generac Hldgs, Lowers Price Target to $130
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Christopher Glynn maintains an 'Outperform' rating on Generac Hldgs (NYSE:GNRC) but has lowered the price target from $145 to $130.
August 04, 2023 | 1:04 pm
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Generac Hldgs' price target has been lowered from $145 to $130 by Oppenheimer, though the 'Outperform' rating is maintained.
The lowering of the price target by Oppenheimer could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100