UPDATE: Wedbush Reiterates Outperform Rating, Raises PT on Tractor Supply Company
In a report published earlier today, Wedbush Securities Inc. reiterated its Outperform rating on Tractor Supply Company (NASDAQ: TSCO), but raised its price target from $96 to $112.
Wedbush said in the report it reiterated Tractor Supply's Outperform rating “based on a combination of solid execution and longer-term growth potential. The company continues to execute solidly in a difficult environment and has the seasoned management team and strategic initiatives in place to navigate through it. The company's track record has been very strong, and we believe this should sustain TSCO's multiple relative to the hardlines peer group.”
Tractor Supply Company closed yesterday at $97.99.
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