Tractor Supply price target lowered to $55 from $60 at Guggenheim

Guggenheim lowered the firm’s price target on Tractor Supply (TSCO) to $55 from $60 and keeps a Buy rating on the shares. Q1 operating results modestly, yet broadly, missed the firm’s expectations, but it notes that the $64M top-line shortfall was more than entirely tied to the late arrival of the 2025 spring selling season. Although Q2 comp guidance of flat to down 1% also fell short of the firm’s original expectation, it believes the majority of yesterday’s underperformance with shares down 3.4% was “mainly tied to management’s complex tariff narrative,” the analyst tells investors.