UBS analyst Michael Lasser raised the firm’s price target on Tractor Supply to $240 from $220 and keeps a Neutral rating on the shares. Tractor Supply’s Q4 report was a bit better than expected and has adopted a conservative outlook for the next several quarters, offering a wider than usual range of projections, the analyst tells investors in a research note. Additionally, the company’s “realistic” tone should help to bolster its credibility, but the firm still seeks a better entry point.
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