Citigroup Maintains Neutral on Generac Hldgs, Raises Price Target to $172
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Vikram Bagri maintains a Neutral rating on Generac Holdings (NYSE:GNRC) but raises the price target from $128 to $172.
October 22, 2024 | 5:05 pm
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Citigroup has maintained a Neutral rating on Generac Holdings but increased the price target from $128 to $172, indicating a more positive outlook.
The increase in price target from $128 to $172 suggests that Citigroup sees potential upside in Generac's stock, despite maintaining a Neutral rating. This could lead to a positive short-term impact on the stock price as investors may interpret the higher price target as a sign of improved prospects.
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