---
title: "Analyst Maintains Hold on SiteOne as Weaker Q2, Lower Organic Growth Guidance and Limited 2026 Upside Drive Cautious Market Perform View"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294231343.md"
description: "William Blair analyst Ryan Merkel maintained a Hold rating on SiteOne (SITE) due to weaker-than-expected Q2 results and reduced organic growth guidance, signaling softer demand. Although 2026 EBITDA forecasts were upheld including the Reinders acquisition, limited upside and elevated macro risks prompted a cautious stance. Barclays also issued a Hold rating with a $129 price target."
datetime: "2026-07-29T15:45:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294231343.md)
  - [en](https://longbridge.com/en/news/294231343.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294231343.md)
generator: "portal-rs"
---

# Analyst Maintains Hold on SiteOne as Weaker Q2, Lower Organic Growth Guidance and Limited 2026 Upside Drive Cautious Market Perform View

William Blair analyst Ryan Merkel has maintained their neutral stance on SITE stock, giving a Hold rating on July 14.

### Claim 55% Off TipRanks

-   Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
-   Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks

Ryan Merkel has given his Hold rating due to a combination of factors tied to SiteOne’s recent performance and outlook. Second-quarter results came in weaker than expected and, although the 2026 EBITDA forecast was maintained and now incorporates the Reinders acquisition, management reduced its organic sales growth guidance, signaling softer underlying demand and limited near-term upside.

At the same time, gross margins are improving modestly thanks to pricing and commercial initiatives, but SG&A expenses are not showing leverage and even deleveraged slightly amid fuel and volume headwinds. With end markets still under pressure, a 3% implied price increase for 2026 suggests only minimal benefit from PVC and turf, and broader macro and industry risks remain elevated, leading Merkel to adopt a more cautious, Market Perform stance rather than a more bullish recommendation.

In another report released on July 14, Barclays also maintained a Hold rating on the stock with a $129.00 price target.

### Related Stocks

- [SITE.US](https://longbridge.com/en/quote/SITE.US.md)
- [BCS.US](https://longbridge.com/en/quote/BCS.US.md)
- [BARC.UK](https://longbridge.com/en/quote/BARC.UK.md)

## Related News & Research

- [SiteOne CEO Doug Black reports $480,650 acquisition of common shares](https://longbridge.com/en/news/297369885.md)
- [Top Executive Makes Bold Move With Major SiteOne Stock Purchase](https://longbridge.com/en/news/297380845.md)
- [Jim Cramer compares the market in 2018 to the market in 2026](https://longbridge.com/en/news/298775976.md)
- [Landscape Capital Management L.L.C. Purchases New Holdings in SiteOne Landscape Supply, Inc. $SITE](https://longbridge.com/en/news/296680063.md)
- [Keyera Announces 2026 Marketing Guidance Update And Provides Operational Update](https://longbridge.com/en/news/297961845.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**