Scotts Miracle-Gro stock rises as JPMorgan upgrades stock to overweight from neutral

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Scotts Miracle-Gro stock rises as JPMorgan upgrades stock to overweight from neutral
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Scotts Miracle-Gro Co.’s stock rose 3.7% in premarket trades on Monday after JPMorgan Chase upgraded the stock to overweight from neutral, partly on lower...

Scotts Miracle-Gro Co.’s stock SMG rose 3.7% in premarket trades on Monday after JPMorgan Chase upgraded the stock to overweight from neutral, partly on lower commodity costs for the fertilizer maker, while keeping its price target at $80 a share. “As a base case, its raw material pressure has come to an end, and the company is poised to receive significant raw material benefits,” analysts said.

... Scotts Miracle-Gro Co.’s stock SMG rose 3.7% in premarket trades on Monday after JPMorgan Chase upgraded the stock to overweight from neutral, partly on lower commodity costs for the fertilizer maker, while keeping its price target at $80 a share. “As a base case, its raw material pressure has come to an end, and the company is poised to receive significant raw material benefits,” analysts said.

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