SiteOne Landscape price target raised to $190 from $175 at Baird

Baird raised the firm’s price target on SiteOne Landscape to $190 from $175 and keeps an Outperform rating on the shares. The firm said they reported strong Q4 results and said their favorable view of the company is underpinned by attractive compounding earnings growth well into the future driven by a long runway for M&A, organic growth potentially stepping up on a secular basis, and margin expansion from the company’s many commercial and operational initiatives.