Tractor Supply price target raised to $255 from $235 at Raymond James

Raymond James analyst Bobby Griffin raised the firm’s price target on Tractor Supply to $255 from $235 and keeps a Strong Buy rating on the shares. The increased target reflects the improved valuation multiples for the sector, the analyst tells investors in a research note. Tractor Supply’s Q4 comps and EPS exceeded expectations, accompanied by an above-consensus comps/EBIT% outlook for 2023, the firm says, adding that its favorable thesis remains relatively unchanged.