Tractor Supply price target raised to $260 from $250 at Loop Capital

Loop Capital raised the firm’s price target on Tractor Supply to $260 from $250 and keeps a Hold rating on the shares. The firm’s pricing comparing the price gap between Tractor Supply and its competitors narrowed slightly from June, which followed three consecutive studies with widening price gaps, the analyst tells investors in a research note. The management’s upbeat commentary at a recent competitor’s investor conference also bodes well for Tractor Supply’s Q3 results, the firm added.