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Fly News Breaks for January 27, 2017
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Jan 27, 2017 | 08:14 EDT
Oppenheimer analyst Brian Nagel raised his price target for Tractor Supply to $88 from $80 ahead of results. The analyst is optimistic that more normal weather and a stabilization in prices for oil and farm-related commodities likely helped to spur a modest improvement in Q4 sales. Further, Nagel says that his ongoing client conversations imply that investors are poised to re-embrace Tractor Supply's longer term story upon confirmation that recent sales disruptions were indeed transitory. He reiterates an Outperform rating on the shares.