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Canaccord Genuity initiated its coverage on Generac Holdings
GNRC with a Buy rating and a price target of $28.
Canaccord Genuity noted, "The company has best-in-class organic growth (~15% CAGR last decade despite downturn in housing), with extreme weather events and power grid strain driving increased awareness. The company's differentiated engine technology, scale and focus on lean manufacturing are key advantages, in our view."
Generac Holdings closed at $22.89 on Tuesday.
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