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RBC upgrades SiteOne to Outperform on favorable risk/reward

RBC Capital upgraded SiteOne Landscape (SITE) to Outperform from Sector Perform with an unchanged price target of $151. The firm sees a favorable risk/reward for the shares in 2026. SiteOne’s pricing will inflect to a tailwind and its maintenance sales continue to provide “resilience,” the analyst tells investors in a research note. In addition, SiteOne’s margins should expand as its progress around spending continues, contends RBC. It believes the stock’s the recent de-valuation provides a better setup in 2026.

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