** Shares of lawn and garden care chemical maker Scotts Miracle-Gro SMG.N rise as much as 5.8% to $57.93
** Brokerage upgrades stock to "buy" from "hold"
** Says U.S. lawn and garden category has normalized post-COVID and co is well positioned to navigate macro turbulence that is expected to impact consumers over the next year
** Believes normalization enables SMG to better forecast demand and expenses, reducing volatility of quarterly reports
** Notes lawn and garden category benefits from times of consumer uncertainty
** Average rating of 10 analysts is "buy"; with a median PT of $77 - data compiled by LSEG
** Including session moves, stock has fallen 13% YTD
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com;))
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