Market Overview

UPDATE: KeyBanc Capital Markets Upgrades Generac Holdings to Buy on Demand Outlook

Share:
Related GNRC
Hurricanes Provide An Underappreciated Tailwind For Generac
Benzinga's Top Upgrades, Downgrades For October 2, 2017

KeyBanc Capital Markets raised its rating on Generac Holdings (NYSE: GNRC) from Hold to Buy with a $38 price target.

KeyBanc Capital Markets commented, "We are upgrading shares of GNRC to BUY from HOLD based on our expectation that the impact from Hurricane Sandy will drive meaningful upside earnings revisions near term while accelerating adoption rates for portable and home standby generators longer term given the breadth and magnitude of this storm (coupled with Hurricane Irene, which impacted a similarly large density of population). … Equally important, we view GNRC as a best-in-class company in terms of operational execution, quality of management and compelling brand presence/awareness, which should collectively allow the Company to fully capture the favorable (albeit unfortunate) impact from the storm."

Generac Holdings closed at $28.33 on Friday.

Latest Ratings for GNRC

DateFirmActionFromTo
Oct 2017Bank of AmericaMaintainsBuy
Oct 2017KeyBancMaintainsOverweight
Oct 2017KeyBancUpgradesSector WeightOverweight

View More Analyst Ratings for GNRC
View the Latest Analyst Ratings

Posted-In: KeyBanc Capital MarketsAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (GNRC)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...