JPMorgan analyst Christopher Horvers lowered the firm’s price target on Tractor Supply (TSCO) to $59 from $62 and keeps a Neutral rating on the shares. The company’s Q4 report and 2026 guidance came in at the low end of reduced expectations, the analyst tells investors in a research note. The firm says that while the stock’s risk/reward “gets much better” below $50, Tractor Supply’s near-term trends will “likely fade” as the benefit of storms fade.
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