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Fly News Breaks for July 20, 2017
TSCO
Jul 20, 2017 | 07:00 EDT
Barclays analyst Matthew McClintock believes that some improvement in Q2 will not be enough to offset the weakness Tractor Supply reported in Q1. As such, he sees a reduction in the company's FY17 guidance as likely. The analyst continues to like the longer term growth story of Tractor Supply but reduced his estimates for FY17 and FY18. He also dropped his price target for the shares to $70 from $90. McClintock keeps an Overweight rating on Tractor Supply.
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