SiteOne Landscape price target raised to $160 from $140 at Stifel

Stifel raised the firm’s price target on SiteOne Landscape to $160 from $140 and keeps a Hold rating on the shares. The firm remains confident in its Q2 revenue estimate for the company, but remains “well below” consensus on EBITDA, the analyst tells investors. Stifel remains “enamored” with the platform’s long-term prospects, but also believes the current valuation fully considers the advantages as well as signs of a bottoming of end markets.