Piper Sandler lowered the firm’s price target on Tractor Supply (TSCO) to $59 from $67 and keeps an Overweight rating on the shares following a disappointing Q4 that missed consensus on comparable sales, margins and EPS. The company also guided 2026 below Street expectations and notably below the company’s long-term comparison guide of 3%-5% due to Discretionary softness and the customer wallet remaining pressured. However, Piper still thinks the business can get back to a 3%-plus comp over time, and it doesn’t believe the company is losing share.
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