Argus Downgrades Tractor Supply Company (TSCO) to Hold

October 28, 2016 8:13 AM EDT
Get Alerts TSCO Hot Sheet
Price: $74.52 -2.47%

Rating Summary:
    13 Buy, 11 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
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Argus downgraded Tractor Supply Company (NASDAQ: TSCO) from Buy to Hold.

The analyst noted management said that weakness in the energy and agricultural sectors had hurt consumer spending and company revenue in the South and Midwest. The company is also seeing weak demand for heating products in the Northeast.

The firm is lowering 2016 EPS estimate from $3.46 to $3.27 and 2017 estimate from $3.90 to $3.70. The firm is also cutting its five-year earnings growth rate forecast from 17% to 12%.

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 $62.07 yesterday.

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