SiteOne Landscape price target raised to $120 from $110 at Stifel

Stifel analyst W. Andrew Carter raised the firm’s price target on SiteOne Landscape to $120 from $110 and keeps a Hold rating on the shares ahead of the company’s Q4 earnings report due Wednesday, February 15. The current valuation does not fully consider the softer near-term environment given the shares’ significant outperformance year-to-date, said Stifel, which is "approaching the shares cautiously" ahead of the company’s initial FY23 guidance.