Stifel analyst W. Andrew Carter raised the firm’s price target on Scotts Miracle-Gro (SMG) to $79 from $70 and keeps a Buy rating on the shares ahead of investor meetings at the Stifel Consumer Ski Event in Jackson Hole. Though the shares have performed well following fiscal Q1 earnings following “a surprising initial response,” the firm believes the certainty of the growth profile remains “underappreciated,” the analyst tells investors.
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