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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.
News For GNRC From the Last 2 Days
Aug 6, 2020 | 10:01 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wayfair (W) was upgraded to Equal Weight from Underweight at Barclays and to Neutral from Underperform at DA Davidson. 2. GoDaddy (GDDY) upgraded to Strong Buy from Outperform at Raymond James and to Overweight from Neutral at JPMorgan. 3. Square (SQ) upgraded to Neutral from Sell at Compass Point with analyst Mike Del Grosso saying the company's Q2 revenue of $1.92B beat his estimate of $1.02B as the Seller business' results were more resilient than he anticipated. 4. Generac (GNRC) upgraded to Buy from Neutral at BofA with analyst Ross Gilardi saying the 4M homes whose power was knocked out by Tropical Storm Isaias was the "icing on the cake" to the 30% organic growth in its home standby business that the company reported in Q2. 5. Etsy (ETSY) upgraded to Buy from Neutral at Roth Capital with analyst Darren Aftahi saying the company's Q2 numbers and Q3 guidance "well-exceeded" expectations and COVID trends have continued into Q3. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Aug 6, 2020 | 06:06 EDT
BofA analyst Ross Gilardi upgraded Generac to Buy from Neutral.