Stifel analyst W. Andrew Carter lowered the firm's price target on SiteOne Landscape to $153 from $157 and keeps a Buy rating on the shares ahead of the company's inaugural investor day this week. The firm, which expects the presentation to focus on long-term aspirations, including the 13% to 15% long-term EBITDA margin target, expects SiteOne to reiterate this target and provide the drivers for achieving this margin goal.
