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Generac shares rise to 3-mth high as KeyBanc, Piper Sandler see data center growth
Seeking Alpha ·
Seeking Alpha reports: Generac Holdings shares rose as much as 3.1% to a three-month high Thursday after analysts at KeyBanc Capital Markets and Piper Sandler issued bullish reports on the backup-power equipment maker, citing growing demand from artificial intelligence data centers and an opportunity for investors to benefit from a shift in its business. KeyBanc analyst Jeffrey Hammond upgraded Generac to Overweight from Sector Weight and established a $280 price target following meetings…
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US dollar holds near 18-month high, euro lags as bond yields riseRead story summary
The dollar edged towards its strongest level in 18 months on Thursday, after minutes from the US Federal Reserve signalled policymakers viewed inflation as the biggest risk to their outlook, while higher oil prices and rising euro zone bond yields have weighed on the euro. The global bond selloff has been the dominant driver in currency markets in recent ...
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