Tigress Financial Partners Upgrades Scotts Miracle-Gro (SMG) to Buy

Tigress Financial Partners upgraded Scotts Miracle-Gro (NYSE: SMG) from Neutral to Buy. Analyst Ivan Feinseth noted strong Q3 results.

"Strong results for the company with 5.32% LTM sales growth and Economic Profit growth for a third year in a row even in the face of a harsh weather season for lawn and garden products. SMG’s growing through acquisition, having closed an agreement with Monsanto for $300 million regarding Roundup allowing them to expand sales internationally in China and Latin America. We believe this deal, along with strong growth in Economic Profit figures and management’s execution, create a compelling case for SMG to drive higher shareholder returns," said Feinseth.

For an analyst ratings summary and ratings history on Scotts Miracle-Gro click here. For more ratings news on Scotts Miracle-Gro click here.

Shares of Scotts Miracle-Gro closed at $64.49 yesterday.

You May Also Be Interested In

• Keefe, Bruyette & Woods Upgrades Trustmark (TRMK) to Outperform
• 'Catalysts on the horizon:' Airbnb (ABNB) upgraded to Buy at Mizuho, shares climb
• Tyler Tech (TYL) PT Raised to $500 at Oppenheimer