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Fly News Breaks for June 25, 2019
SITE
Jun 25, 2019 | 07:57 EDT
As reported previously, Baird analyst David Manthey upgraded SiteOne Landscape to Outperform from Neutral. The analyst notes weather may impact Q2 but he believes the short interest has already been priced in. He also believes concerns about management change, competition for acquisitions, and suppressed near-term free cash flow are overblown. He sees the long-term story as attractive and recommends buying the stock. Manthey raised his price target to $77 from $64 on SiteOne Landscape shares.
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