Wells Fargo raised the firm’s price target on Scotts Miracle-Gro (SMG) to $67 from $65 and keeps an Overweight rating on the shares after meetings with management. The firm sees the company in a position to reiterate major tenets of guidance at the annual mid-season update in early June. Following 3 consecutive years of cuts, being “on track” should feel like a win, and Wells sees a good setup in the coming weeks.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMG:
- Scotts Miracle-Gro call volume above normal and directionally bullish
- Scotts Miracle-Gro price target lowered to $54 from $55 at UBS
- Scotts Miracle-Gro: Buy Rating Backed by Strategic Moves and Projected Financial Growth
- Scotts Miracle-Gro price target lowered to $65 from $80 at JPMorgan
- Scotts Miracle-Gro Reports Q2 2025 Financial Results
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue