Truist analyst Bill Chappell raised the firm’s price target on Scotts Miracle-Gro (SMG) to $80 from $75 and keeps a Buy rating on the shares as part of a broader research note on Consumer Products names. Despite a Q2 miss, the management still reiterated guidance due to the seasonality of the business, while the company’s 2025 lawn and garden season appears to be “fairly normal”, the analyst tells investors in a research note.
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Read More on SMG:
- Scotts Miracle-Gro price target raised to $75 from $72 at Wells Fargo
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- Scotts Miracle-Gro price target raised to $75 from $70 at Truist
- Scotts Miracle-Gro price target raised to $72 from $67 at Wells Fargo