Raymond James raised the firm’s price target on Tractor Supply (TSCO) to $290 from $285 and keeps an Outperform rating on the shares. Tractor Supply’s Q3 EPS was in line with consensus, and the firm was “pleased” to see continued strength in big-ticket items, including zero-turn mowers, recreational vehicles, and other seasonal categories, the analyst tells investors in a research note. Tractor Supply continues to demonstrate its resilience by gaining market share in everyday “consumable, usable and edible” items, giving the firm confidence in the long-term resiliency of its business model and potential for earnings and sales growth over the coming years.
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