Citi lowered the firm’s price target on Tractor Supply (TSCO) to $55 from $61 and keeps a Buy rating on the shares ahead of its Q1 results. The firm’s EPS view is unchanged as strength from January winter storms moderated in February and March on choppy spring weather and pressure from higher gas prices on traffic, the analyst tells investors in a research note. The unknown is higher diesel costs impacting freight for the remainder of the year, though higher oil should also be a ticket tailwind, the firm added.
Claim 55% 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:
- Arm downgraded, Arista Networks upgraded: Wall Street’s top analyst calls
- Tractor Supply price target lowered to $55 from $60 at Evercore ISI
- Tractor Supply reinstated with a Neutral at BofA
- The Week That Was, The Week Ahead: Macro and Markets, Feb. 22
- Tractor Supply Boosts Dividend and Board Oversight Strategy