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Analysts’ Opinions Are Mixed on These Materials Stocks: Reliance Steel (RS) and Scotts Miracle-Gro Company (SMG)

Tipranks - Tipranks - Tue Apr 28, 6:36AM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on Reliance Steel (RS) and Scotts Miracle-Gro Company (SMG).

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Reliance Steel (RS)

In a report issued on April 24, Katja Jancic from BMO Capital maintained a Hold rating on Reliance Steel, with a price target of $350.00. The company’s shares closed last Friday at $351.68.

According to TipRanks.com, Jancic is a 5-star analyst with an average return of 32.7% and a 73.1% success rate. Jancic covers the Basic Materials sector, focusing on stocks such as Algoma Steel Group, Century Aluminum, and Freeport-McMoRan. ;'>

Currently, the analyst consensus on Reliance Steel is a Moderate Buy with an average price target of $344.43, representing a -0.6% downside. In a report issued on April 22, Goldman Sachs also maintained a Hold rating on the stock with a $300.00 price target.

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Scotts Miracle-Gro Company (SMG)

Stifel Nicolaus analyst W. Andrew Carter reiterated a Buy rating on Scotts Miracle-Gro Company today and set a price target of $79.00. The company’s shares closed last Friday at $67.20.

According to TipRanks.com, Carter is a 2-star analyst with an average return of 1.2% and a 42.1% success rate. Carter covers the Industrial Goods sector, focusing on stocks such as SiteOne Landscape Supply, Builders Firstsource, and Hillman Solutions. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Scotts Miracle-Gro Company with a $73.40 average price target.

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