Truist lowered the firm’s price target on Tractor Supply to $210 from $235 but keeps a Buy rating on the shares after its Q3 results and FY23 guidance cut. 2023 has been more difficult than expected but adverse weather has had an impact and the company’s CUE products continue to perform reasonably well, the analyst tells investors in a research note. Truist adds however that big-ticket and discretionary/seasonal sales have trended below expectations for most of the year.
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- Tractor Supply cuts FY23 EPS view to $10.00-$10.10 from $10.20-$10.40
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