SiteOne Landscape Supply Stock Drops to 52-Week Low on Analyst Cuts

SiteOne Landscape Supply Inc. saw its stock reach a 52-week low of $89.85 USD on Friday, reflecting broader investor skepticism and downgrades from analysts. The decline followed Stifel Financial Corp.’s revision of its price target from $153 to $100, and a downgrade of the company’s rating from Buy to Hold, citing concerns over declining sales volume. The stock has fallen 28.5% over the past six months and 33.5% in the year to date, despite a 5% year-over-year revenue increase in the second quarter, driven by pricing adjustments and acquisitions.