Gordon Haskett analyst Chuck Grom upgraded Tractor Supply to Buy from Accumulate with a price target of $255, up from $235. The analyst says the company’s recent results "continue to showcase solid execution and outpace peers." In the current macro environment, Tractor Supply is a winner as retailers catering to essentials and high turnover C.U.E products continue to outperform more discretionary peers, the analyst tells investors in a research note.
Published first on TheFly
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