Tractor Supply price target raised to $250 from $240 at Evercore ISI

Evercore ISI raised the firm’s price target on Tractor Supply to $250 from $240 and keeps an Outperform rating on the shares. Tractor Supply was “heavily debated” into the Q4 print, with deflationary risk and weather exposure prompting skepticism and increased short interest, though management was quick to address these risks on the call and provided “quantifiable/quantitative rationale behind mitigating these concerns,” the analyst tells investors in a post-earnings note.