Scotts Miracle-Gro Rises on Truist Price-Target Boost

Scotts will benefit from improved cannabis-related banking laws and continued pandemic restrictions, Truist says, upgrading the price target.

Scotts Miracle-Gro (SMG) – Get Report shares bloomed Thursday after Truist Securities raised its price target on the lawn and garden products company to $250 from $180 on potential cannabis reform from a Democratic-Party-controlled Washington and continued coronavirus restrictions that will keep consumers at home.

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