BGB Securities Reiterates Scotts Miracle-Gro Buy

BGB Securities reiterated its Scotts Miracle-Gro SMG Buy rating in a research report published today. BGB Securities has previously given Scotts Miracle-Gro a $75 price target. In the report, BGB Securities states, "We continue to believe that SMG can earn $4.50 per share in FY12. At recent levels, SMG shares were trading below 12x our FY12 earnings estimate- a level that we find very attractive given SMG's dominant consumer franchise and bright earnings growth prospects." Shares of Scotts Miracle-Gro were trading at $52.59 at the time of posting, down 4.90% from Friday's market close.