Generac weakness creates compelling entry point, says Oppenheimer Oppenheimer believes that Generac's positives significantly outweigh its negatives, in light of the company's sustained market penetration opportunity. The firm maintains an Outperform rating on the stock.
Generac downgraded to Underperform from Neutral at BofA/Merrill BofA/Merrill downgraded Generac to Underperform and lowered its price target to $33 from $43. The firm reduced estimates following its latest dealer survey and said it sees margin pressure continuing into 2H 2015 given high inventories and headwinds from rental customers. Additionally, BofA/Merrill expects Generac's push into global Commercial & Industrial to drive multiple compression.