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Fly News Breaks for January 31, 2020
Jan 31, 2020 | 07:08 EDT
Baird analyst Peter Benedict lowered his price target on Tractor Supply to $110 from $120 following mixed Q4 results. The analyst cited disappointing 2020 guidance and a slow start to Q1 along with uncertainty surrounding the new CEO. He also believes top-line momentum should improve as the year progresses and feels the shares continue to offer good risk/reward at current levels. Benedict maintained his Outperform rating on Tractor Supply shares.
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