Loop Capital raised the firm’s price target on Tractor Supply to $235 from $210 and keeps a Hold rating on the shares after its Q4 earnings beat that included an operating margin expansion despite a 4.2% comparable store sales decline. The management’s 2024 guidance was largely in line with consensus, but Tractor Supply will be facing very easy weather-related comparisons throughout the year, the analyst tells investors in a research note.
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