Wedbush lowered the firm’s price target on Tractor Supply to $200 from $230 and keeps a Neutral rating on the shares. The firm remains concerned by macro pressures driving lower discretionary consumer spending and trade-down in staples, and expects these pressures to negatively weigh on comps into 2024.
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Read More on TSCO:
- Tractor Supply price target raised to $220 from $215 at Piper Sandler
- Tractor Supply price target lowered to $192 from $212 at Barclays
- Tractor Supply price target lowered to $225 from $235 at Baird
- Tractor Supply cuts FY23 EPS view to $10.00-$10.10 from $10.20-$10.40
- Tractor Supply reports Q3 EPS $2.33, consensus $2.29