SiteOne Landscape price target raised to $136 from $129 at RBC Capital

RBC Capital raised the firm’s price target on SiteOne Landscape (SITE) to $136 from $129 but keeps a Sector Perform rating on the shares after its Q4 results and guidance. The management’s initial outlook for volume and pricing is reasonable, but tepid organic growth limits margin improvement and a softer GM% negates some of the benefits from SG&A self-help initiatives, the analyst tells investors in a research note.