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Fly News Breaks for August 17, 2018
TSCO
Aug 17, 2018 | 07:12 EDT
Oppenheimer analyst Brian Nagel reiterated an Outperform rating on Tractor Supply and raised his price target to $90 from $80, telling investors in a research note that while easy money in Tractor Supply is now likely made, the run in shares is unlikely over. Inflation is now reemerging as a key top-line driver, helping to counter more difficult comparisons, he says, adding that sustained sales momentum at Tractor Supply should increasingly lend to expense leverage and improved operating margins.
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.
TSCO
Apr 17, 2024 | 05:32 EDT
Barclays raised the firm's price target on Tractor Supply to $234 from $192 and keeps an Equal Weight rating on the shares ahead of the Q1 report. The company's core consumables still seems to be moderating, but potentially offset by seasonal drivers and gross margin strength, the analyst tells investors in a research note. The firm is not expecting any change in Tractor Supply's outlook.
