By coinnews 
00:00 Speaker A
All right, now let’s get to our call of the day here. That would be from Truist, upgrading Scotts Miracle-Gro from hold. They go to a buy on this one, the note calling it a safe haven amid economic uncertainty. And here’s the money line, my friend Caleb. I think it’s this. They say the US lawn and garden category has finally normalized post-COVID. The category, they say, and the company, well positioned to navigate the macro turbulence expected to impact the consumer over the next year. Valuation of the stock, I obviously think that looks pretty good too.
00:36 Speaker B
Yeah, it makes a ton of sense. We have, we’re going to be doing more nesting, less traveling, like the airlines are telling us. What are we doing? We’re taking care of our lawns, right? We’re making them look real nice around the house for the summertime. Also, according to this note, US operations, 91% of fiscal year ’24 sales. They only have about 5% import risk from the products they bring in. That’s about as good as you can get right now when you’re looking at a company that might be well positioned for less travel, less discretionary, more spending at home, and not a lot of exposure to tariffs.
01:19 Speaker A
More stay at home, work the lawn. The target’s at 70, the average target on the street is 78 per Bloomberg. Stock, I mean, it’s in the red this year and over the past 12 months, but listen, Truist looks at that and says, that’s a buying opportunity.
01:37 Speaker B
Yeah, and what else are we going to be buying but the things that we actually need, right?
01:42 Speaker A
Focus on what you need, not what you want this time.
01:44 Speaker B
Right, and make it look good out front and out back, have a little wiffle ball game. I don’t see why you don’t upgrade the stock or at least maintain the buy rating.
01:55 Speaker A
That alone is a buy. That alone makes it a buy. Wiffle ball makes everything.
02:00 Speaker B
Yeah, of course.