Citi analyst Steven Zaccone lowered the firm’s price target on Tractor Supply (TSCO) to $61 from $66 and keeps a Buy rating on the shares ahead of the Q4 earnings report. The firm cut its Q4 same-store-sales and earnings estimates to reflect “choppy” winter weather and “muted” pet industry trends. However, Citi sees a favorable risk/reward at current share levels.
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