Barclays upgraded SiteOne Landscape (SITE) to Equal Weight from Underweight with a price target of $134, up from $120. The firm adjusted ratings in the homebuilding and building products group as part of its 2026 outlook. Barclays expects another year of declines in single-family housing starts, saying the housing market “remains far from balanced.” This leaves the homebuilder stocks “volatile, with no cycle call to be made,” the analyst tells investors in a research note. Barclays believes building products and brokerage names can outperform despite weakness in new residential. It views building products and distributors as more compelling than homebuilders entering 2026.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SITE:
- SiteOne Landscape acquires French Broad Stone Yards
- SiteOne Landscape partners with Goodway Group to accelerate growth
- SiteOne Landscape price target raised to $151 from $143 at RBC Capital
- SiteOne Landscape price target raised to $120 from $106 at Barclays
- SiteOne Landscape Supply Reports Strong Q3 Performance