Wells Fargo raised the firm’s price target on Scotts Miracle-Gro (SMG) to $72 from $67 and keeps an Overweight rating on the shares. The firm notes Scotts was up 10.9% Thursday vs. SPX -0.5% following the mid-season update. Consistent with its May meetings with management, Wells says revenue/margins are on track with below-the-line improvement too, and EPS estimates likely to go higher.
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 reaffirms FY25 guidance
- Scotts Miracle-Gro, Project EverGreen expand green spaces at Phoenix Park
- Scotts Miracle-Gro price target raised to $67 from $65 at Wells Fargo
- Scotts Miracle-Gro call volume above normal and directionally bullish
- Scotts Miracle-Gro price target lowered to $54 from $55 at UBS
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue