Scotts Miracle-Gro price target raised to $81 from $75 at Stifel

Stifel raised the firm’s price target on Scotts Miracle-Gro (SMG) to $81 from $75 and keeps a Hold rating on the shares. The firm approaches the company’s Q4 earnings report “with caution given the strength for the shares,” the analyst tells investors. The firm’s $3.26 FY25 EPS forecast is “well below consensus” of $3.75, which it believes more appropriately reflects uncertainty around key FY25 questions and the conservatism likely to be reflected in the company’s initial guidance, the analyst added.