Gordon Haskett raised the firm’s price target on Tractor Supply (TSCO) to $65 from $60 and keeps an Accumulate rating on the shares after Q2 results came in better-than-expected with favorable trends across “many of the more important” key performance indicators the firm tracks. While the stocks multiple has “been a sticking point,” the firm thinks the comparable store sales growth outlook is “about as bright as we’ve seen in the past two years and see TSCO grinding into the mid-to-high $60’s by year-end,” the analyst tells investors.
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