Piper Sandler lowered the firm’s price target on Tractor Supply to $256 from $262 and keeps an Overweight rating on the shares following the Q2 miss and guide down. While sales were weaker than guided, primarily due to a seasonally weak June, Piper was “pleasantly surprised” to see accelerating comp transaction trends through the quarter, the analyst tells investors in a research note.
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Read More on TSCO:
- Tractor Supply price target lowered to $230 from $247 at UBS
- Here’s How Tractor Supply (NASDAQ:TSCO) Delights Investors Despite Q2 Earnings Miss
- Baird trims Tractor Supply price target, says market ‘braced for nastier print’
- Tractor Supply lowers FY23 EPS view to $10.20-$10.40 from $10.30-$10.60
- Tractor Supply reports Q2 EPS $3.83, consensus $3.92