J.P. Morgan Raises Scotts F2011 EPS Forecast

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.