Stifel lowered the firm’s price target on SiteOne Landscape (SITE) to $126 from $145 and keeps a Hold rating on the shares. Ahead of Q1 results, the firm is reducing its FY25 estimates as it is taking a more cautious approach to volume prospects with results and commentary a key incremental data point for end markets, the analyst tells investors in a preview note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SITE:
- Is SITE a Buy, Before Earnings?
- SiteOne Landscape price target lowered to $106 from $120 at Barclays
- SiteOne Landscape price target lowered to $125 from $150 at Loop Capital
- SiteOne Landscape announces acquisition of Green Trade Nursery of Georgia
- Trex, Griffon among top picks as Deutsche covers building products