Scotts Miracle-Gro price target raised to $75 from $70 at Truist

Truist raised the firm’s price target on Scotts Miracle-Gro (SMG) to $75 from $70 and keeps a Buy rating on the shares as part of a broader research note updating estimates among select Consumer Product names. As the “heart of lawn and garden season”, April-May are the largest months of year for consumer takeaway, so the firm was especially encouraged by the management’s reiteration of guidance at a sellside conference this week following two years of weaker U.S. consumer sales, the analyst tells investors in a research note. The company is also coming into the year with more realistic expectations vs. the prior CFO, the firm added.