Wedbush analyst Seth Basham lowered the firm’s price target on Tractor Supply to $230 from $240 and keeps a Neutral rating on the shares. Tractor Supply’s Q2 results were below consensus expectations and the company lowered its full-year guidance as it operates in an incrementally tougher environment with consumer spending continuing to shift to services, and shoppers that are limiting basket sizes due to inflation and pulling back on discretionary purchases, the analyst tells investors in a research note.
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