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Fly News Breaks for March 20, 2019
TSCO
Mar 20, 2019 | 07:53 EDT
Evercore ISI analyst Oliver Wintermantel started Tractor Supply with an Outperform rating and $105 base case price target, citing his belief that "it is as much a brand as it is a retailer" given that it caters to a lifestyle and has a concept that is different and unique. He believes Tractor Supply can return to 10% margins as its investments help drive topline growth.
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.