RBC Capital raised the firm’s price target on SiteOne Landscape (SITE) to $151 from $143 and keeps a Sector Perform rating on the shares after its Q3 earnings beat. Pricing inflected ahead of expectations, with gross margins remaining solid, despite broader macro headwinds in new residential and R&R markets, the analyst tells investors in a research note.
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Read More on SITE:
- SiteOne Landscape price target raised to $120 from $106 at Barclays
- SiteOne Landscape Supply Reports Strong Q3 Performance
- SiteOne Landscape’s Earnings Call Highlights Growth Amid Challenges
- SiteOne narrows FY25 adjusted EBTDA view to $405M-$415M from $400M-$430M
- SiteOne Landscape reports Q3 EPS $1.31, consensus $1.29