Citi analyst Steven Zaccone raised the firm’s price target on Tractor Supply to $235 from $195 and keeps a Neutral rating on the shares post the Q4 report. Warmer weather significantly hurt Q4 sales, but the colder start to January is helping Q1-to-date and shows Tractor Supply’s business can quickly turn when the weather is favorable, the analyst tells investors in a research note. The firm believes the stock’s valuation offers a fair risk/reward at these levels.
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