Stephens analyst Jeff Lick lowered the firm’s price target on Tractor Supply (TSCO) to $53 from $59 and keeps an Equal Weight rating on the shares ahead of the company reporting Q4 earnings on Thursday, January 29. Based on Bloomberg Second Measure data, the firm believes Tractor Supply’s Q4 revenue growth is 200 to 300 basis points lower than the firm or the Street estimated going into the quarter, the analyst tells investors in a preview.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSCO:
- Tractor Supply price target lowered to $55 from $62 at TD Cowen
- Midday Fly By: PNC reports Q4 beat, Regions reports quarterly miss
- Seagate upgraded, Tractor Supply downgraded: Wall Street’s top analyst calls
- Tractor Supply price target lowered to $57 from $61 at UBS
- Tractor Supply price target lowered to $61 from $66 at Citi