UPDATE: Credit Suisse Reiterates Outperform Rating, Raises PT on Tractor Supply Company on More Gains to Harvest in 2015

In a report published Monday, Credit Suisse analyst Seth Sigman reiterated an Outperform rating on

, and raised the price target from $75.00 to $88.00. In the report, Credit Suisse noted, “TSCO stock has done little on an absolute and relative basis over a 12-month period, which we view as an opportunity for this unique, high-quality growth retailer. We like the set up for Q4, but the call is really for 2015, as one of few retailers with strong traffic, along with easy upcoming comparisons, positive reads from our proprietary macro indicators, upside from company-specific sales and margin efforts, and potentially better flow through. We detail these drivers inside. With EPS growth to resume in the mid-teens range or better, and support from the scarcity value of this story, we see another step up to $88, which is our new target price.” Tractor Supply Company closed on Friday at $79.72.