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Fly News Breaks for January 24, 2020
Jan 24, 2020 | 06:08 EDT
Oppenheimer analyst Christopher Glynn upgraded Generac Holdings to Outperform from Perform with a $125 price target. The analyst sees "solid" prospects for revenue upside and improving visibility to long-term scaling. The sustained strength in core standby demand fundamentals, coupled with emergence of the California market and launch into "clean energy," supports an estimated 11% 2020 residential growth, Glynn tells investors in a research note.
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