Raymond James analyst Bobby Griffin lowered the firm’s price target on Tractor Supply to $255 from $270 and keeps a Strong Buy rating on the shares. The firm continues to believe in Tractor Supply’s long-term sales resilience vs. other buckets of retail, but lowered the price target to reflect recent trends, including slowing of discretionary demand, and unfavorable dry climate in the Midwest region, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TSCO: