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.
Published first on TheFly
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