SiteOne Landscape price target lowered to $145 from $165 at Truist

Truist lowered the firm’s price target on SiteOne Landscape (SITE) to $145 from $165 but keeps a Buy rating on the shares after its Q1 earnings miss. The company’s business turned positive in March-April as weather cleared, which is a contrast with other residential areas under coverage where demand has sagged in recent weeks, the analyst tells investors in a research note. Indirect tariff price increases could also finally end the deflation hits that have brought down EBITDA the past two years, the firm adds.