NEW YORK (TheStreet) -- Generac Holdings (GNRC) shares are down -3.24% to $47.16 on Tuesday after analysts at Bank of America Merrill Lynch (BAC) downgraded the company to "neutral" from "buy".
The firm cut its price target down to $53 from $65 citing weak seasonal pickup forecasts as a reason for the more pessimistic outlook.
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TheStreet Ratings team rates GENERAC HOLDINGS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENERAC HOLDINGS INC (GNRC) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: