Tractor Supply price target raised to $70 from $60 at Telsey Advisory

Telsey Advisory analyst Joseph Feldman raised the firm’s price target on Tractor Supply (TSCO) to $70 from $60 and keeps an Outperform rating on the shares. The company is performing well and benefits from rural migration and higher job growth in rural areas even as the near-term retail environment remains challenging and uncertain, the analyst tells investors.