JPMorgan Downgrades Generac Holdings (GNRC) to Neutral

JPMorgan analyst Mark Strouse downgraded Generac Holdings (NYSE: GNRC) from Overweight to Neutral with a price target of $149.00.

The analyst comments: "We continue to believe that GNRC is well positioned to benefit from increased grid outage activity given an aging US infrastructure and increasing mix of intermittent renewables, and believe major power outages present upside to estimates. That said, the stock is up ~19% YTD vs our coverage down 13%, and is trading above our YE24 price target of $149. We are stepping to the sidelines and downgrading to Neutral."

For an analyst ratings summary and ratings history on Generac Holdings click here. For more ratings news on Generac Holdings click here.

Shares of Generac Holdings closed at $151.79 yesterday.

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