Citigroup Maintains Neutral on Generac Hldgs, Raises Price Target to $128
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst J.B. Lowe has maintained a Neutral rating on Generac Holdings (GNRC) and increased the price target from $124 to $128.

February 12, 2024 | 8:02 pm
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Citigroup has maintained its Neutral rating on Generac Holdings but raised its price target from $124 to $128.
The increase in price target by Citigroup, while maintaining a Neutral rating, suggests a positive adjustment in the valuation of Generac Holdings. This could lead to a short-term positive sentiment among investors, as the new price target indicates a potential upside from the current trading price. However, the Neutral rating also implies that the analyst sees limited catalysts for significant price movement in the near term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100