Analyst Jordan Levy downgraded shares to hold from buy, saying shares could fall 14% from Friday's closing price.
It's time to sell Generac amid greater macro challenges this year, according to Truist. Analyst Jordan Levy downgraded shares to hold from buy, saying higher interest rates and inflation hurt the outlook for the power generator maker.
Levy lowered his price target to $145 from $160, which implies shares have about 14% upside from Friday's closing price of $126.77. Shares fell 3% in Tuesday premarket trading. "GNRC's internal challenges, both related to its core home standby generator business & emerging Clean Energy products business have been discussed by mgmt at length over the last several quarters, and we believe are well understood by the Street," Levy wrote.
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