Deutsche Bank Maintains Buy, $90 PT on Tractor Supply

Deutsche Bank reiterates its Buy rating and $90 price target on Tractor Supply 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.