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Fly News Breaks for February 21, 2018
SITE
Feb 21, 2018 | 08:55 EDT
SunTrust analyst Keith Hughes raised his price target on SiteOne Landscape to $89 after the company's Q4 results and FY18 EBITDA outlook. Hughes says that while the $180-$192M view looked light of $189M consensus, it did not include the recently closed Atlantic Irrigation deal, which could add $5M-$6M in EBITDA this year. The analyst keeps his Buy rating on SiteOne Landscape, citing the company's ability to drive EPS growth of over 30% per year while the residential and commercial cycle remains strong.
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