Barclays Maintains Underweight on SiteOne Landscape Supply, Raises Price Target to $121
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matthew Bouley has maintained an Underweight rating on SiteOne Landscape Supply (NYSE:SITE) but increased the price target from $114 to $121.
December 13, 2023 | 11:48 am
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Barclays analyst Matthew Bouley maintains an Underweight rating on SiteOne Landscape Supply but raises the price target from $114 to $121.
The increase in price target may be seen as a positive signal, suggesting some potential upside or improved performance expectations. However, the Underweight rating indicates that Barclays still views the stock as likely to underperform the sector or the broader market. The mixed message could lead to a neutral short-term impact on the stock price as investors digest both the positive and negative aspects of the analyst's outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100