Evercore ISI analyst Oliver Wintermantel is removing Tractor Supply (TSCO) from the firm’s "Tactical Outperform" list as the Q4 earnings report and open house catalysts the firm had previously flagged have passed. Tractor Supply shares have risen 7% since the call was initiated, outperforming peers Home Depot (HD) and Lowe’s (LOW), the firm noted. Evercore, which believes that low-single digit to mid-single digit comp growth in 2023, 6% unit growth, and operating margin expansion "deserve a premium to the market," maintains an Outperform rating and $250 price target on Tractor Supply shares.
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Published first on TheFly
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