Scotts Miracle-Gro price target raised to $60 from $50 at Wells Fargo

Wells Fargo analyst Chris Carey raised the firm’s price target on Scotts Miracle-Gro to $60 from $50 and keeps an Equal Weight rating on the shares ahead of quarterly results. The firm’s second Cannabis Cultivator Survey suggests no turn in Hawthorne. In Garden, Q1 is small, but Wells expects Scotts Miracle-Gro to sound constructive on early sell-in.