scotts miraclegro smg stock was up by nearly 7 on tuesday after truist analyst bill chappell upgraded the lawnproducts maker to buy from hold and raised his price target to 80 a share from 65 however chappell reduced his fiscal 2023 earnings estimate for scotts miraclegro to 245 a share from 250 a share and reduced his 2024 earnings view to 280 a share from 330 a share chappell said scotts miraclegro will benefit from the ending of the post pandemic reversion of the us consumer he also said he expects the company’s stock may now return to its historical counterseasonal trading pattern when it outperformed the sp 500 spx between july and december for 14 out of 18 years between 2000 and 2017 when it initially invested in the cannabis hydroponic equipment space chappell also said the company “is out of the woods from a debt covenant standpoint reducing the near term downside risk to the stock”