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UPDATE: Goldman Sachs Raises PT to $105 on Tractor Supply Ahead of Earnings and Guidance

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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

DateFirmActionFromTo
Jun 2016Guggenheim SecuritiesInitiates Coverage onBuy
Jun 2016OppenheimerMaintainsOutperform
Jun 2016BTIG ResearchInitiates Coverage onBuy

View More Analyst Ratings for TSCO
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