Barclays analyst Matthew Bouley raised the firm’s price target on SiteOne Landscape to $121 from $114 and keeps an Underweight rating on the shares. The analyst remains constructive on homebuilders and is now incrementally positive on building products, leading the firm to raise its industry view to Positive. The sector upgrade reflects ab upbeat view across both subsectors, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SITE:
- 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
- SiteOne Landscape price target lowered to $163 from $173 at Baird
- SiteOne Landscape price target lowered to $114 from $139 at Barclays