Wells Fargo cuts target for Scotts Miracle-Gro stock to USD 60.00

Published on 10/06/2026 at 02:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 adjusted EPS guidance is USD 4.30-4.45 versus USD 4.41. Consensus target is USD 71.80 for Scotts Miracle-Gro stock.

SMG, US8101861065, Illustration mit AI erstellt.

Wells Fargo cut its price target for Scotts Miracle-Gro stock from USD 77.00 to USD 60.00 on October 5, 2026, while maintaining an Overweight rating, according to MarketBeat. The cut puts the latest analyst action below the USD 71.80 average target cited in the same report.

Target cut meets steady guidance

Scotts Miracle-Gro's latest outlook keeps adjusted earnings per share for fiscal 2026 at USD 4.30-4.45, against USD 4.41 consensus, according to The Scotts Miracle-Gro Company in its September 15, 2026 release. The company also reaffirmed a USD 275.0 million fiscal 2026 free cash flow target and an adjusted gross margin of at least 32 percent.

The guidance is set against quarterly performance that was stronger than consensus on earnings. For the quarter reported on July 29, 2026, adjusted earnings per share reached USD 2.82 versus USD 2.48 expected, while revenue rose 1.1 percent year over year to USD 1.17 billion, MarketBeat reported on October 5, 2026.

Cash flow supports balance-sheet plan

The September capital allocation release said Scotts redeemed USD 250.0 million of senior notes due in 2026 and renewed a USD 750.0 million accounts receivable facility through August 31, 2027. It also said the company repurchased USD 25.0 million of shares during August as the first step in a USD 500.0 million program.

That combination gives the business two measurable priorities for fiscal 2026: reaching the USD 275.0 million free cash flow target and reducing leverage to the high 3s. The analyst target cut therefore sits alongside a balance-sheet program with explicit cash and debt milestones rather than a change to the published earnings range.

Results date is November 4

The company plans to announce full-year fiscal 2026 results on November 4, 2026, according to its September 15, 2026 investor release. That date follows the September 30 fiscal year-end and provides the next scheduled test of the USD 4.30-4.45 adjusted earnings per share outlook.

SMG prior close and market value

Lang & Schwarz lists a prior close of EUR 43.76 for October 2, 2026. The market capitalization was USD 2.9 billion and the 52-week range was USD 47.90 to USD 75.34 as of October 5, 2026.