Oppenheimer Upgrades This Rural Lifestyle Retailer

by Shivani Kumaresan, Benzinga Staff Writer

March 18, 2022 8:55 AM | 1 min read | Make a Comment

Oppenheimer analyst Brian Nagel upgraded Tractor Supply Co TSCO to Outperform from Perform with a $270 price target, implying a 16.1% upside.
The analyst notes Tractor Supply's model strengthened through the COVID-19 crisis.
Nagel specifies that macro tailwinds like soaring fuel prices and demographic shifts as the reasons for the upgrade.
Also Read: Tractor Supply Q4 Earnings Surpass Estimates; Issues Upbeat FY22 Guidance
Price Action: TSCO shares closed higher by 2.41% at $232.60 on Thursday.