Tractor Supply price target lowered to $51 from $59 at Citi

Citi lowered the firm’s price target on Tractor Supply (TSCO) to $51 from $59 and keeps a Neutral rating on the shares post the Q1 report. Given the Q2 guide below the Street, the uncertainty of tariffs and the potential for weaker consumer demand in the second half of 2025, the acceleration required in Tractor Supply’s same-store-sales growth “seems risky,” the analyst tells investors in a research note. The firm says pricing from tariffs should provide a benefit to ticket growth in the second half of the year, but it is “too uncertain to measure the level of demand elasticity or transaction decline.”