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Fly News Breaks for May 2, 2019
SMG
May 2, 2019 | 08:14 EDT
As previously reported, BofA/Merrill downgraded Scotts Miracle-Gro to Underperform from Neutral and raised its price target to $83 from $81. Analyst Christopher Carey said Scotts reported "solid" Q1 results, but he is concerned about difficult comps ahead and market expectations for a guidance raise. Carey also said shares are trading at a premium despite slowing second half momentum.
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