Generac falls after Citi downgrades rating to 'neutral'

Generac Holdings

12/03/2026 13:15

** Shares of power equipment maker Generac GNRC.N fall 2.6% to $207.12 premarket

** Citi Research cuts rating to "neutral' from "buy"

** Brokerage says GNRC's 2026 revenue and margin forecasts were better than anticipated, but not sufficient for Citi to keep a "buy" rating

** Lifts PT to $237 from $207, representing ~12% upside to stock's last close

** Sixteen brokerages rate the stock "buy" or higher and seven "hold"; their median PT is $241 - LSEG compiled data

** As of last close, stock rose ~56% YTD

 (Reporting by Aatreyee Dasgupta)

 ((Aatreyee.Dasgupta@thomsonreuters.com))