Stifel upgraded Scotts Miracle-Gro (SMG) to Buy from Hold with an unchanged price target of $70. The firm is surprised by the “muted” share reaction post the company’s fiscal Q4 report given the pressure ahead of earnings. Scotts’ Initial fiscal earnings guidance came in ahead of estimates and it should see gross margin expansion, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMG:
- Scotts Miracle-Gro Reports Strong Earnings and Positive Outlook
- Strong Financial Performance and Positive Outlook Justify Buy Rating for Scotts Miracle-Gro
- Scotts Miracle-Gro price target raised to $74 from $71 at Jefferies
- Scotts Miracle-Gro reports Q4 adjusted EPS ($1.96), consensus (1.97)
- Scotts Miracle-Gro sees FY26 ajdusted EPS $4.15-$4.35, consensus $4.23