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Fly News Breaks for April 12, 2017
TSCO
Apr 12, 2017 | 06:04 EDT
JPMorgan analyst Christopher Horvers downgraded Tractor Supply to Neutral citing the company's third negative preannouncement in the last four quarters. The analyst is concerned by the stock's "high multiple," first negative traffic quarter since Q1 of 2008 and moderating comps in the Pet and Livestock category. He cut his price target for the shares to $67 from $88.
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