Given Scotts Miracle-Gro Company's SMG advance raw material purchases of fertilizers, regional sales initiatives and manufacturing and distribution restructuring actions, J.P. Morgan has increased its F2011 EPS forecast from $3.80 to $3.85.
“Our F2012 EPS projection of $4.25 remains unchanged,” J.P. Morgan writes.
Scotts currently trades at $51.36.
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