BUZZ-Wells Fargo upgrades Generac Holdings to 'overweight'
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Wells Fargo has upgraded Generac Holdings to 'overweight' from 'equal weight', raising the price target to $195 due to strong demand for diesel generators amid AI-driven data-center expansion. The market undervalues Generac's data-center business, which could be worth ~$61/share. Generac is nearing major contracts with Amazon and Google. The recent share price slide presents an attractive entry point, with 15 of 23 analysts rating it a 'buy' or 'strong buy'. The median price target is $207.
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