Generac 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.
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.