BTIG Starts Tractor Supply Company (TSCO) at Buy

BTIG initiated coverage on Tractor Supply Company (NASDAQ: TSCO) with a Buy rating and a price target of $115.

Analyst Alan Rifkin said, "Our Buy Rating is based on the following: 1- Characteristics of Both a Growth and Mature Company 2- Top line driven by multitude of revenue drivers; 3- Margin drivers expected to boost EBIT by 100 bp through 2018; 4- Strong industry growth driven by demographics 5- Consistent future organic store growth is a rarity in Retail Hardlines; 6- Disciplined capital allocation complement organic growth."

For an analyst ratings summary and ratings history on Tractor Supply Company click here. For more ratings news on Tractor Supply Company click here.

Shares of Tractor Supply Company closed at $96.10 yesterday.

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