Reported 1 day ago
Truist has upgraded Scotts Miracle-Gro (SMG) from Hold to Buy, considering the company a safe investment during ongoing economic uncertainties. Analysts note that the US lawn and garden market has stabilized post-COVID, making SMG well-positioned to handle anticipated consumer challenges. With a major portion of its revenue from domestic sales and minimal exposure to import risks, Truist sees the current stock valuation as a buying opportunity.
Source: YAHOO