Generac Holdings (GNRC) PT Raised to $183 at TD Cowen

TD Cowen analyst Jeffrey Osborne raised the price target on Generac Holdings (NYSE: GNRC) to $183.00 (from $172.00) while maintaining a Buy rating.

The analyst commented, "Generac posted another solid quarter as the co. continued to benefit from elevated demand due to adverse weather conditions. Strength is anticipated to continue this quarter with management raising FY24 guidance. Europe remains sluggish, but the company is seeing improvement in LatAm and the Middle East, which should help the business longer term. PT to $183 (~20.5x P/E multiple to FY26E Adj EPS)."

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