Generac Stock Is Dropping After a Pair of Downgrades From Wall Street

Shares of backup-power provider


Generac


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


Generac


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.