UPDATE: Feltl And Company Raises PT on Tractor Supply to $85

Feltl And Company reiterates its Buy rating on Tractor Supply NASDAQ: TSCO) and raises its price target by $2 to $85 a share on the company's strong 2011 finish, although upside feel tougher in 2012.

Feltl And Company comments, "Issues facing TSCO in 2012 include the loss of a week relative to 2011, freight costs and inflation headwinds in 1H:12, and company guidance suggesting EPS growth fastest in 1H:12 and growth rate slowing in 2H:12. ... However, even considering this TSCO's growth rate looks to be slowing considerably and this will spook investors. We believe TSCO remains a 16+% EPS grower and will remain one of the best in hardlines."

TSCO closed at $81.79 a share on Wednesday.