Deutsche Bank Maintains Buy, $90 PT on Tractor Supply

Deutsche Bank reiterates its Buy rating and $90 price target on Tractor Supply (NASDAQ: TSCO) ahead of the company's reporting of its 4Q11 results on Wednesday.

Deutsche Bank says, "Ahead of its presentation at the ICR XChange conference on Thursday, January 12, TSCO pre-announced comps and EPS well ahead of guidance and expectations. Comps were up 6.5% on an apples-to-apples basis and FY11 EPS guidance was raised from $2.87 at the mid-point to $2.98 at the mid-point. We note that the impact of the extra week was approximately $0.03 to $0.04 more helpful than previously expected."

TSCO closed at $79.84 a share on Friday.