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Fly News Breaks for January 30, 2019
SMG
Jan 30, 2019 | 11:38 EDT
Scotts Miracle-Gro's earnings quality was "reasonable" in Q1, with sales generally in line, gross margin below, and operating ratio improvement better, William Blair analyst Jon Andersen tells investors in a post-earnings research note. The analyst believes the stock reaction should be "somewhat positive" given the company's "generally positive fundamental commentary" and reaffirmation of full-year guidance. The analyst keeps an Outperform rating on Scotts Miracle-Gro, which is up 2% to $71.55 in afternoon trading.
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