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Fly News Breaks for October 14, 2019
TSCO
Oct 14, 2019 | 07:42 EDT
Wells Fargo analyst Zachary Fadem lowered his price target for Tractor Supply to $115 from $125, while reiterating an Outperform rating on the shares. The analyst notes that sentiment has shifted deeply negative, but he sees relief rally potential. While investors have turned more cautious, Fadem continues to favor Tractor Supply's defensive, staples-like characteristics, longer-term growth levers and investment-driven improvement potential versus a highly fragmented and under-invested peer set.
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.