Wells Fargo lowered the firm’s price target on Tractor Supply (TSCO) to $320 from $325 and keeps an Overweight rating on the shares. The firm notes shares sit -2-times price to earnings turns vs October peak amid softer near-term checks. Analyst Day provides opportunity to refuel the narrative on growth drivers, EBIT levers and a long-term algo refresh, Wells argues. The firm leans positive with 2025 estimates intact.
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