Baird raised the firm’s price target on Tractor Supply to $265 from $240 and keeps an Outperform rating on the shares. Unfavorable weather patterns with warmer January and delayed spring likely cap any upside potential, but the stock remains the firm’s top 2023 idea given its heavily needs-based assortment and impactful micro initiatives, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on TSCO:
- Tractor Supply price target raised to $270 from $255 at Wells Fargo
- Tractor Supply (NASDAQ:TSCO): Not Your Average Home Improvement Stock
- Tractor Supply price target raised to $264 from $256 at Piper Sandler
- Citi downgrades Petco into results on weakening consumer
- Tractor Supply price target raised to $260 from $225 at Argus