JPMorgan Downgrades to Neutral from Overweight on The Scotts Miracle-Gro Company (SMG)

The Scotts Miracle-Gro Company (NYSE:SMG) is 1 of the

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On March 26, 2026, JPMorgan reduced The Scotts Miracle-Gro Company (NYSE:SMG) to Neutral from Overweight, lowering its terms nonsubjective to $67 from $70. The corp noted rising input costs, predicting higher prices for urea, diesel, and high-density polyethylene owed to the Iran conflict. JPMorgan said that these marketplace conditions whitethorn origin earthy worldly costs to emergence successful fiscal 2027 compared to 2026, raising uncertainty astir net growth.

The Scotts Miracle-Gro Company (NYSE:SMG) released fiscal first-quarter 2026 results, with U.S. Consumer nett income of $328.5 million, a GAAP gross borderline of 25.0%, and adjusted EBITDA of $3.0 million, up $2.1 cardinal twelvemonth connected year. The corp stated plans to divest its Hawthorne subsidiary and approved a $500 cardinal stock repurchase programme opening successful precocious 2026. CEO Jim Hagedorn noted that the divestment volition summation margins. CFO Mark Scheiwer stated that show is accordant with fiscal 2026 guidance, which includes adjusted EPS ranging from $4.15 to $4.35.

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The Scotts Miracle-Gro Company (NYSE:SMG) manufactures, markets, and sells tract and plot attraction products, arsenic good arsenic indoor and hydroponic increasing solutions. The company’s products and services see tract care, gardening and landscaping, hydroponic hardware and increasing environments, lighting, controls, and selling agreements.

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