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Fly News Breaks for May 15, 2018
SMG
May 15, 2018 | 07:39 EDT
As reported earlier, SunTrust analyst William Chappell upgraded Scotts Miracle-Gro to Buy from Hold and raised his price target to $100 from $80. The analyst believes the bottom in the stock price has been reached, leading to its usual "counter seasonal trend of outperformance" given that the stock has outperformed the S&P500 from June to January in the past 11 of 15 years. Chappell also believes investors may reward the stock as a "call option on cannabis legalization trend".
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