Wells Fargo Maintains Overweight on Scotts Miracle Gro, Lowers Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Chris Carey has maintained an Overweight rating on Scotts Miracle Gro (NYSE:SMG) but has lowered the price target from $85 to $83.
May 02, 2024 | 1:36 pm
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Wells Fargo maintains an Overweight rating on Scotts Miracle Gro but lowers the price target from $85 to $83.
The adjustment in price target by Wells Fargo, while maintaining an Overweight rating, suggests a slight recalibration of expectations rather than a fundamental shift in the company's outlook. This could lead to a neutral short-term impact on SMG's stock price as the market digests the minor adjustment in valuation expectations.
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IMPORTANCE 80
RELEVANCE 100