Generac Holdings Initiated at Buy Rating & $160 Price Target
<p>Janney Capital initiated coverage on <a href='https://financialmodelingprep.com/financial-summary/GNRC'>Generac Holdings Inc. (NYSE:GNRC)</a> with a Buy rating and a $160 price target. Analysts believe that the company's shares, which have fallen about 80% from their peak, present a chance to purchase a well-known brand at a lower price compared to other industrial companies that have long-term involvement in a market for clean energy that is growing structurally.</p>
<p>In the near term, the analysts see the potential for continued headwinds for the core residential HSB product but also feel this has already been discounted in the share prices, which are now trading at a discount to industrial peers, and in their opinion, represent a "free option" on clean energy growth. </p>
<p>Balancing out near-term concerns for residential HSB market trends, the analysts see consistent free cash flow generation and buyback potential as providing potential support for the stock.</p>

NYSE:GNRC