Fly News Breaks for January 31, 2020
Jan 31, 2020 | 06:19 EDT
BofA analyst Elizabeth Suziki upgraded Tractor Supply to Buy from Neutral with an unchanged $120 price target. The analyst notes that while the company posted a 0.1% increase in comps, it would have been in line with her estimate of 2.5% when excluding for adverse weather and accounting for a shorter holiday season. While she still expects the weather headwind and margin pressure to persist in Q1, Suzuki sees these issues as "transitory" and now priced in to the Tractor Supply shares.
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