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Fly News Breaks for August 20, 2018
TSCO
Aug 20, 2018 | 07:35 EDT
Baird analyst Peter Benedict added a Fresh Pick designation to Tractor Supply as he believes macro conditions and emerging momentum behind company specific initiatives could drive upside to Q3 comps and earnings estimates. When combined with prospects for margin stabilization next year, he senses an opportunity to exploit skepticism around the company's ability to deliver. Benedict reiterated his Outperform rating and $90 price target on Tractor Supply shares.
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