This generator stock will get a boost from the AI infrastructure boom, says Jefferies

The data center boom and need for backup generators should push shares of Generac higher, according to Jefferies. Analyst Tanner James upgraded the generator company to buy from hold on Friday. He also raised its price target to $302 from $239, implying nearly 22% upside from Thursday's close. "Given the continued strong environment for data center development, and potential indications of activity with hyperscalers, we see an asymmetric positive risk/reward setup," James said in a note to …