Tractor Supply price target lowered to $58 from $65 at Mizuho

Mizuho lowered the firm’s price target on Tractor Supply (TSCO) to $58 from $65 and keeps an Outperform rating on the shares post the earnings call. The firm says management’s tone changed with the “rural economy resistance narrative fading.” Tractor Supply also highlighted incremental promotional activity, the analyst tells investors in a research note. Mizuho lowered estimates post the earnings print.