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

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Earnings Scheduled For January 28, 2015
UPDATE: Credit Suisse Raises Price Target On Tractor Supply Company On More Gains to Harvest In 2015
Notable earnings after Wednesday's close (Seeking Alpha)

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
Jan 2015Morgan StanleyMaintainsEqual-weight
Jan 2015Credit SuisseMaintainsOutperform
Jan 2015BarclaysMaintainsOverweight

View More Analyst Ratings for TSCO
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings

 

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