Deutsche Bank downgraded SiteOne Landscape to Sell from Hold with a price target of $120, down from $123. The analyst cites a lack of near-term demand catalysts coupled with ongoing margin headwinds associated with commodity deflation and expense growth from recent acquisitions for the downgrade.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SITE:
- SiteOne Landscape price target lowered to $190 from $200 at UBS
- SiteOne Landscape price target lowered to $163 from $173 at Baird
- SiteOne Landscape price target lowered to $114 from $139 at Barclays
- SiteOne Landscape sees FY23 adjusted EBITDA $400M-$410M
- SiteOne Landscape reports Q3 EPS $1.25, consensus $1.45
