Tractor Supply price target raised to $235 from $200 at Wedbush

Wedbush analyst Seth Basham raised the firm’s price target on Tractor Supply to $235 from $200 and keeps a Neutral rating on the shares. Tractor Supply’s Q4 results were about in line with expectations on the top line and slightly better than expectations on the bottom line, the analyst tells investors in a research note. The company continues to operate in a tough macro environment as consumers pull back on discretionary purchases while spending continues to shift back to services, the firm says.