Telsey Advisory lowered the firm’s price target on Tractor Supply to $245 from $265 and keeps an Outperform rating on the shares. Tractor Supply continues to execute at a high level and “dominate” in rural America, the analyst tells investors. However, while the firm continues to see upside for the stock price going forward, Telsey has adjusted its estimates down due to near-term macro pressures, such as slower inflation and normalizing demand.
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