Tractor Supply price target raised to $275 from $250 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Tractor Supply to $275 from $250 and keeps an Outperform rating on the shares following the company’s Q1 earnings preview. The company continues to execute well in rural America and, while there are near-term headwinds from macro pressures, the firm is confident the long-term earnings growth potential remains strong, the analyst tells investors. Further, many industry tailwinds catalyzed by COVID-19 should continue to support sales, the firm adds.