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.
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