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Fly News Breaks for August 25, 2016
TSCO
Aug 25, 2016 | 09:10 EDT
Stephens analyst Ben Bienvenu believes Tractor Supply has "one of the highest quality" earnings growth algorithms in retail. While the analyst acknowledges that the company's model has been sensitive to irregular weather and new market entrances have weighed on total sales growth, he notes that this is not new. Bienvenu sees concerns on the sustainability of the model as overblown and recommends using the weakness in the stock as a buying opportunity. He reiterates an Overweight rating and $100 price target on the shares.
News For TSCO From the Last 2 Days
TSCO
Apr 19, 2024 | 09:07 EDT
Telsey Advisory raised the firm's price target on Tractor Supply to $275 from $250 and keeps an Outperform rating on the shares following the company's Q1 earnings preview. The company continues to execute well in rural America and, while there are near-term headwinds from macro pressures, the firm is confident the long-term earnings growth potential remains strong, the analyst tells investors. Further, many industry tailwinds catalyzed by COVID-19 should continue to support sales, the firm adds.