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4 stories mentioning SMGUpdated 21d ago

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Wire

Scotts Miracle-Gro Has 'Attractive' Setup for Fiscal Q3 From Favorable Weather, Point-of-Sale Trends, UBS Says

Scotts Miracle-Gro (SMG) has an "attractive" setup for fiscal Q3, driven by favorable weather and strong point-of-sale trends, UBS Securities said in a Monday note.The company is set to release its fiscal Q3 results on July 29, and its solid top-line and margin expansion indicate near-term visibility and fiscal 2026 targets within reach, the investment firm said. Scotts Miracle-Gro could maintain its full-year outlook of $4.15 to $4.35 in non-GAAP earnings per share, UBS added.For fiscal 2027, UBS said Scotts Miracle-Gro could face potential commodity inflation and revisions to its long-term targets under a new chief executive.UBS has a neutral rating on Scotts Miracle-Gro, with a $70 price target.Price: $69.07, Change: $-0.23, Percent Change: -0.33%

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Wire

Scotts Miracle-Gro Names Nate Baxter President, CEO

Scotts Miracle-Gro (SMG) said Monday it has named Nate Baxter president and chief executive officer, as well as a member of the company's board of directors, effective immediately.Baxter succeeds Jim Hagedorn, who had been CEO since 2001 and chairman since 2003.The company also said that it has elected Independent Lead Director Pete Shumlin as chairman.Shares of Scotts Miracle-Gro were down 2.1% pre-bell.

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Wire

UBS Adjusts Price Target on Scotts Miracle-Gro to $63 From $70, Maintains Neutral Rating

Scotts Miracle-Gro (SMG) has an average rating of overweight and mean price target of $71.40, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $57.91, Change: $-0.81, Percent Change: -1.37%

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Wire

UBS Adjusts Scotts Miracle-Gro Price Target to $70 From $67, Maintains Neutral Rating

Scotts Miracle-Gro (SMG) has an average rating of overweight and mean price target of $74, according to analysts polled by FactSet.Price: $60.20, Change: $-2.22, Percent Change: -3.56%

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