The Strait of Hormuz Is Causing Issues for Scotts Miracle-Gro. How Should You Play the High-Yield Dividend Stock Here?
SMG’s costs will rise in the short-to-medium term but should ease in the longer term.
JPMorgan recently downgraded Scotts Miracle-Gro (SMG) to Neutral from Overweight, citing the increased costs that the company will have to pay due to the war against Iran. But if the war ends relativ…