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GNRC

Generac

$56.59

0.19 (0.34%)

08:48
10/02/18
10/02
08:48
10/02/18
08:48

Generac downgraded to Sector Weight on balanced risk/reward at KeyBanc

As previously reported, KeyBanc analyst Jeffrey Hammond downgraded Generac to Sector Weight from Overweight as he now views risk/reward as appropriately balanced. While the analyst continues to appreciate Generac's clearly enhanced ability to capture demand amid a period of elevated outage activity, he believes consensus expectations have run too high heading into next year against a challenging 2018 compare.

GNRC Generac
$56.59

0.19 (0.34%)

07/16/18
GSCO
07/16/18
DOWNGRADE
Target $22
GSCO
Sell
Manitowoc downgraded to Sell at Goldman Sach on weaker fundamentals
As reported earlier, Goldman Sachs analyst Jerry Revich downgraded Manitowoc (MTW) to Sell from Neutral and lowered his price target to $22 from $30 as part of his broader note on the machinery cycle. The analyst also downgraded Generac (GNRC) to Sell from Neutral with an unchanged price target of $45 and removed Caterpillar (CAT) and Deere (DE) from Conviction Buy lists. The analyst says the update on the latter two reflects more "mixed macro points", including "weaker crop prices, risk of further input cost inflation, slowing bearing orders, and a risk of further trade war escalation". Revich notes that the risk-reward on Caterpillar and Deere remains attractive, but he is more wary of rising cyclical risks. The analyst's downgrade of Manitowoc is attributed to expectations of a peak in crane organic growth in the current quarter, followed by tougher comps in Europe and the decline in U.S. rig count along with an overall "structural decline in crane content in US drilling sites and rising competitive intensity". Revich says his downgrade of Generac is driven by expectations of slower organic sales growth amid "a normalization in portable generator demand against storm period comps, a declining US rig count, tough comps on shipments into the US rental industry, and flat private non-residential construction outlook."
07/17/18
07/17/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. ANALYSTS SPLIT ON NETFLIX AFTER EARNINGS: Despite continuing to like Netflix's story, Deutsche Bank analyst Bryan Kraft downgraded Netflix (NFLX) to Hold from Buy as he believes that the "slowdown in growth" requires a "reevaluation of value." Meanwhile, both BMO Capital and Stifel upgraded the stock to Buy-equivalent ratings as they see the post-earnings weakness in the shares as a buying opportunity. BMO analyst Daniel Salmon raised Netflix to Outperform, with a $400 price target, saying the decline in the stock price following quarterly results offers investors an attractive level to build positions. Stifel also upgraded Netflix to Buy from Hold, with a $406 price target. Analyst Scott Devitt cited the potential for near-term subscription add expectations to reset, a strong second half of the year content slate, and a domestic and international runway, which supports a doubling of the company's subscriber base in the next five to ten years. STEPHENS SEES OPPORTUNITY IN TRIBUNE SELLOFF: Stephens analyst Kyle Evans upgraded Tribune Media (TRCO) to Overweight from Equal Weight while lowering his price target for the shares to $41 from $45. Statements from the FCC and reports by Reuters on Monday created investor concern around whether Sinclair Broadcast (SBGI) will be able to close its proposed acquisition of Tribune, Evans told investors. The analyst said he believes the FCC will allow Sinclair to remedy its concerns about proposed divestiture buyers and that Sinclair will comply with all requirements in an effort to close the deal. He believes a combination of the two companies "remains the best possible outcome for both parties." GOLDMAN SACHS DOWNGRADES MACHINERY MAKERS: Goldman Sachs analyst Jerry Revich downgraded Manitowoc (MTW) to Sell from Neutral and lowered his price target to $22 from $30 as part of his broader note on the machinery cycle. The analyst also downgraded Generac (GNRC) to Sell from Neutral with an unchanged price target of $45 and removed Caterpillar (CAT) and Deere (DE) from the firm's Conviction Buy lists. GOLDMAN ALSO DOWNGRADES GOODYEAR: Goldman Sachs analyst David Tamberrino downgraded Goodyear Tire & Rubber (GT) to Sell from Neutral and lowered his price target for the shares to $18 from $25. The analyst said he sees the "tough backdrop" for the company continuing amid raw material price increases. Further, Goodyear's pricing power "remains elusive," Tamberrino told investors in a research note.
07/18/18
RHCO
07/18/18
NO CHANGE
Target $56
RHCO
Buy
Generac weakness is a 'buying opportunity', says SunTrust
SunTrust analyst Charles Brady kept his Buy rating and $56 price target on General, saying the 4% slide in the stock price following the Goldman Sachs downgrade on Monday is a "buying opportunity" for investors. The analyst notes that the "modest decline" in the rig count is unlikely to lead to "material" impact on earnings, since its mobile products like generators that go into the energy market represent only about 10% of the company's total sales. Brady also forecasts the "stationary industrial genset market to grow low-to-mid single digits over the next several years" and the U.S. market to grow steadily for the next 5 years.
10/02/18
KEYB
10/02/18
DOWNGRADE
KEYB
Sector Weight
Generac downgraded to Sector Weight from Overweight at KeyBanc

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RBGLY

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TXMD

TherapeuticsMD

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SAIC

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