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Analysts Offer Insights on Materials Companies: Scotts Miracle-Gro Company (SMG) and Allegiant Gold (OtherAUXXF)

Analysts have been eager to weigh in on the Materials sector with new ratings on Scotts Miracle-Gro Company (SMGResearch Report) and Allegiant Gold (AUXXFResearch Report).

Scotts Miracle-Gro Company (SMG)

In a report released yesterday, Jeffrey Zekauskas from J.P. Morgan downgraded Scotts Miracle-Gro Company to Hold, with a price target of $95.00. The company’s shares closed last Thursday at $76.58, close to its 52-week low of $76.22.

According to TipRanks.com, Zekauskas is a 5-star analyst with an average return of 6.8% and a 60.1% success rate. Zekauskas covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Air Products and Chemicals, and Sherwin-Williams Company.

Currently, the analyst consensus on Scotts Miracle-Gro Company is a Moderate Buy with an average price target of $112.75, implying a 32.6% upside from current levels. In a report issued on June 8, Truist Financial also downgraded the stock to Hold with a $85.00 price target.

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Allegiant Gold (AUXXF)

Noble Financial analyst Mark Reichman maintained a Buy rating on Allegiant Gold today and set a price target of $0.85. The company’s shares closed last Thursday at $0.24.

According to TipRanks.com, Reichman ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -6.1% and a 30.0% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Alliance Resource, Endeavour Silver, and Comstock Mining.

Currently, the analyst consensus on Allegiant Gold is a Moderate Buy with an average price target of $0.85.

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