Barclays raised the firm’s price target on Tractor Supply (TSCO) to $250 from $240 and keeps an Equal Weight rating on the shares following the Q3 report. The company’s sales remain weak, and Barclays debates its ability to get back to its mid-single-digit comp target, while margin gains should start to moderate, the analyst tells investors in a research note. The firm does not see numbers going up, but says Tractor Supply” still provides a level of defensiveness and exposure to some potential post-election trends that may keep shares elevated.”
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Read More on TSCO:
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- Tractor Supply reports Q3 SSS down 0.2%
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- Tractor Supply reports Q3 EPS $2.24, consensus $2.24
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