SiteOne Landscape Supply shares are trading lower after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $146 to $144.
Portfolio Pulse from Benzinga Newsdesk
SiteOne Landscape Supply shares are trading lower after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $146 to $144.
May 24, 2023 | 4:25 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
SiteOne Landscape Supply's stock is trading lower after Barclays downgraded it to Underweight and reduced its price target from $146 to $144.
The downgrade from Barclays is a negative signal for SiteOne Landscape Supply's stock. The reduction in the price target indicates that the analyst believes the stock is overvalued, which could lead to selling pressure and a decline in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100