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Stock Market & Financial Investment News

News Breaks
August 1, 2014
08:32 EDTGNRCGenerac downgraded to Hold at Canaccord
As reported previously, Canaccord downgraded Generac to Hold from Buy as the company is showing a more back-end loaded year, creating a flatter risk/reward profile near-term. The firm lowered its price target on the shares to $48 from $52.
News For GNRC From The Last 14 Days
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July 2, 2015
10:04 EDTGNRCHigh option volume stocks
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10:00 EDTGNRCOn The Fly: Analyst Downgrade Summary
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08:15 EDTGNRCGenerac 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.

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