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Tractor Supply named ‘Fresh Pick’ at Baird

Baird analyst Peter Benedict added a "Fresh Pick" designation on Tractor Supply and says the stock remains a top 2023 idea with an Outperform rating and $240 price target. The firm’s farm/ranch survey suggests potential upside to Q4 expectations, the analyst tells investors in a research note. January has been warm, but spring is more important, and consensus Q1 estimates look low, says Baird.

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