Tractor Supply double upgraded to Buy at BofA after Q2 report

As previously reported, BofA analyst Robert Ohmes double upgraded Tractor Supply (TSCO) to Buy from Underperform with a price target of $70, up from $53, after Q2 results that the firm argues show a “return of momentum.” As deflation headwinds abate and initiatives ramp in the second half and into 2026, the firm sees a return to faster EPS growth of 10%-plus and a higher multiple, the analyst tells investors.