Piper Sandler raised the firm’s price target on Tractor Supply to $332 from $300 and keeps an Overweight rating on the shares. The firm likes the set-up for shares heading into Q4 and believes the quarter is off to a good start. Piper notes that its Q3 Farm & Ranch Retailer survey shows another sluggish quarter for the channel with a mean comp of -4.7%. However, U.S.-only comp of -3% showed slight improvement from Q2 at -4%.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSCO:
- Tractor Supply price target raised to $325 from $295 at Wells Fargo
- Tractor Supply downgraded to In Line from Outperform at Evercore ISI
- Tractor Supply downgraded, EVgo upgraded: Wall Street’s top analyst calls
- Levi Strauss mulls Dockers strategic alternatives: Morning Buzz
- Tractor Supply initiated with a Buy at Melius Research