Barclays lowered the firm’s price target on SiteOne Landscape to $114 from $129 and keeps an Underweight rating on the shares. The analyst expects guidance and estimate reductions across the homebuilding and building products space this earnings season, but says sentiment is “already downbeat and much may already be priced in.” The firm reduced estimates and price targets ahead of the Q2 reports.
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Read More on SITE:
- SiteOne Landscape price target lowered to $185 from $190 at UBS
- SiteOne Landscape price target lowered to $140 from $155 at Loop Capital
- SiteOne Landscape price target lowered to $150 from $165 at Stifel
- SiteOne Landscape price target lowered to $158 from $175 at Truist
- SiteOne Landscape price target lowered to $175 from $185 at Baird
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