Raymond James Cuts Target on Tractor Supply (TSCO) to $105 Following Recent Slide

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An analyst at Raymond James reduced the firm's price target on shares of Tractor Supply Company (NASDAQ: TSCO) from $115 to $105 Friday morning. Raymond James maintains an Outperform rating on the stock.

The firm cited a 21 percent decline in Tractor Supply shares over the last two months amid "the growing level of business risk facing the retail sector as a whole." On the other hand, the Raymond James analyst mentioned Tractor Supply's "superior relative EPS growth, robust comp-sales gains, the fastest square-footage growth in hardline retail..."

With shares of Tractor Supply down 3.5 percent to $78.51 at last check, Raymond James' lowered price target still implies potential upside of nearly 34 percent.

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

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