SiteOne Landscape price target raised to $204 from $170 at Truist

Truist raised the firm’s price target on SiteOne Landscape to $204 from $170 and keeps a Buy rating on the shares. The company’s earnings beat expectations on positive weather but more importantly, less impact on margins and bottom line numbers from deflation, the analyst tells investors in a research note. Some incrementally weak PVC pipe pricing was seen, but the bottoming process continues and easier comps are coming, the firm added.