Raymond James Maintains Strong Buy on Scotts Miracle Gro, Lowers Price Target to $70
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Joseph Altobello has maintained a 'Strong Buy' rating on Scotts Miracle Gro (NYSE:SMG), but lowered the price target from $86 to $70.
August 04, 2023 | 2:00 pm
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Despite a lowered price target from $86 to $70, Raymond James maintains a 'Strong Buy' rating on Scotts Miracle Gro.
The lowered price target could potentially indicate a bearish outlook for the stock. However, the maintained 'Strong Buy' rating suggests that the analyst still sees significant upside potential. This mixed signal could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100