BGB Securities Lowers Scotts Miracle-Gro PT To $70, Maintains Positive Sentiment

BGB Securities lowered its Scotts Miracle-Gro SMG price target from $75 to $70 and left its Scotts Miracle-Gro Buy rating unchanged in a research report published today. In the report, BGB Securities states, "Weather has been a severe disappointment thus far in FY11, but our belief is that, over time, weather effects will cancel each other out. We believe that investors would do well to focus more on the powerful EPS growth that SMG is positioned to enjoy over the longer term." Shares of Scotts Miracle-Gro were trading at $48.76 at the time of posting, down 0.87% from Wednesday's market close.