UPDATE: Goldman Sachs Raises PT to $105 on Tractor Supply Ahead of Earnings and Guidance
Goldman Sachs reiterated its Neutral rating on Tractor Supply (NASDAQ: TSCO) and raised the price target from $100.00 to $105.00.
Goldman Sachs noted, "We expect realistic sales guidance against a tough 1Q compare (TSCO benefited from warm weather in 1Q12); our forecast is well below the Street, but we think this issue is understood. Bottom line, we expected 15%-20% EPS growth (16% single point), strong vs. retail, but below the 32% CAGR from 2009-2012E, a dynamic likely reflected in a relative multiple that has compressed from long-run peaks."
Tractor Supply closed at $94.74 on Monday.
Latest Ratings for TSCO
|Jun 2016||Guggenheim Securities||Initiates Coverage on||Buy|
|Jun 2016||BTIG Research||Initiates Coverage on||Buy|
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