SiteOne Landscape Supply shares are trading higher after Truist Securities upgraded the stock from Hold to Buy and raised its price target from $157 to $177.
Portfolio Pulse from Benzinga Newsdesk
SiteOne Landscape Supply's stock is trading higher after Truist Securities upgraded it from Hold to Buy and raised its price target from $157 to $177.
June 06, 2023 | 3:39 pm
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POSITIVE IMPACT
SiteOne Landscape Supply's stock price is expected to rise in the short term due to Truist Securities' upgrade from Hold to Buy and increased price target.
The upgrade from Hold to Buy by Truist Securities indicates a positive outlook for SiteOne Landscape Supply's stock. Additionally, the increased price target from $157 to $177 suggests that the stock is undervalued, which could lead to a short-term increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100