Stifel raises Generac stock price target on Amazon deal, data center growth
Investing.com
Stifel has increased its price target for Generac Holdings to $290 from $285, maintaining a Buy rating, citing Generac's recent Amazon deal and accelerated data center capacity expansion. The firm raised its 2027 adjusted EBITDA forecast due to higher commercial and industrial revenue projections. This move is expected to shift investor perception of Generac beyond a "hurricane play" stock, supported by anticipated net income growth.
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