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

Truist analyst Keith Hughes raised the firm’s price target on SiteOne Landscape (SITE) to $165 from $145 and keeps a Buy rating on the shares. The stock was up 10% intraday on results largely in-line with Street expectations as management maintained their EBITDA guidance range, while a combination of above flattening prices, benefits of cost work on underperforming branches, and flattish volume is driving EBITDA higher in the year, the analyst tells investors in a research note.