Shares of backup-power provider
are sliding after a couple of Wall Street analysts downgraded the company, mainly because Wall Street hates “back-half” loaded guidance.
Tuesday morning, Janney Montgomery Scott analyst Sean Milligan downgraded
stock (ticker: GNRC) to Neutral from Buy. His price target dropped to $137, down from $158. Coming into Tuesday trading, shares of Generac were up almost 40% since he launched coverage on the stock in late December.