- Keybanc analyst Jeffrey D. Hammond lowered the price target on Generac Holdings Inc. (NYSE:GNRC) to $325 (an upside of 30%) from $350 while maintaining the Overweight rating on the shares.
- The analyst says that the dealers communicated a mixed picture as the outlook became unclear. Through conversations with proprietary channel networks, HSB dealers continue to work through long backlogs as supply chains maintain sequential improvement.
- Hammond mentions while lengthy order files and pricing actions will support earnings through 2022, he lowered the 2023 estimates as he awaits clarity on outage events and backlog levels exiting the year.
- The analyst views the recent Spruce Point report as misguided. He sees the report as highly opportunistic, adding to consumer confidence concerns despite focusing on concerns within GNRC rather than end-market trends.
- Recently, JPMorgan analyst Mark Strouse raised GNRC’s price target to $461 (an upside of 85.7%) from $455 while maintaining the Overweight rating on the shares.
- Piper Sandler analyst Kashy Harrison lowered GNRC’s price target to $305 (an upside of 22.9%) from $350 while maintaining the Overweight rating on the shares.
- Price Action: GNRC shares are trading lower by 0.19% at $248.73 on the last check Thursday.
Cuentas Announces Management Changes And Appoints Mr. Shlomo Zakai As New Financial Officer
Cuentas appoints a new Chief Financial Officer and makes additional management changes in anticipation of future acquisition and impending product launch.MIAMI BEACH, Fla., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Cuentas, Inc.
