Stifel downgraded SiteOne Landscape to Hold from Buy with a price target of $167, up from $150. Valuation has pushed to a level with limited room for error impeding meaningful outperformance from current levels absent a meaningful end market acceleration, the analyst tells investors in a research note. The firm now estimates FY24 EBITDA of $449M, down from $470M, with just under 2% daily organic sales growth.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SITE:
- SiteOne Landscape price target raised by $7 at Barclays, here’s why
- SiteOne Landscape price target raised by $12 at Truist, here’s why
- Top builders and building products stocks for 2024, according to Deutsche Bank
- SiteOne Landscape just downgraded at Deutsche Bank, here’s why
- SiteOne Landscape price target lowered to $190 from $200 at UBS
