RBC Capital raised the firm’s price target on SiteOne Landscape (SITE) to $151 from $143 and keeps a Sector Perform rating on the shares after its Q3 earnings beat. Pricing inflected ahead of expectations, with gross margins remaining solid, despite broader macro headwinds in new residential and R&R markets, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SITE:
- SiteOne Landscape price target raised to $120 from $106 at Barclays
- SiteOne Landscape Supply Reports Strong Q3 Performance
- SiteOne Landscape’s Earnings Call Highlights Growth Amid Challenges
- SiteOne narrows FY25 adjusted EBTDA view to $405M-$415M from $400M-$430M
- SiteOne Landscape reports Q3 EPS $1.31, consensus $1.29