Loop Capital raised the firm’s price target on Tractor Supply (TSCO) to $60 from $48 and keeps a Hold rating on the shares. The company missed consensus expectations the prior two quarters, making the Q2 performance “encouraging,” particularly the increase in the comparable average ticket and the strength in big-ticket merchandise, the analyst tells investors in a research note. The firm has additional confidence amid management’s expectation of a second half top-line growth acceleration.
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