Truist Securities downgraded its rating of Scotts Miracle Gro (NYSE:SMG) to Hold with a price target of $85.00, changing its price target from $185.00 to $85.00.
Shares of Scotts Miracle Gro are trading down 9.97% over the last 24 hours, at $91.99 per share.
A move to $85.00 would account for a 7.6% decline from the current share price.
About Scotts Miracle Gro
Scotts Miracle-Gro is the largest provider of gardening and lawncare products in the United States. The majority of the company's sales are to large retailers that include Home Depot, Lowe's, and Walmart. Scotts Miracle-Gro can sell its products at a higher price point than its competition because of a well-recognized portfolio of brands that include Miracle-Gro, Roundup, Ortho, Tomcat, and Scotts. Scotts is also the leading supplier of cannabis-growing equipment in North America through its Hawthorne business.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
