Stifel lowered the firm’s price target on SiteOne Landscape to $153 from $185 and keeps a Buy rating on the shares ahead of calendar Q3 earnings due this week. The firm’s lower target is predicated on lower industry multiples, the analyst tells investors. The firm “confidently” approaches 13% CAGR EBITDA growth forecast for FY23-FY25 with upside given favorable leading indicators, the analyst added.
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