Piper Jaffray Downgrades Tractor Supply (TSCO) to Underweight; Company Specific Headwinds
More News related to TSCO
- Tractor Supply Company to Participate in Wedbush Morgan Securities Conference
- Carrier's High Performance Sustainable Building Solutions Selected by TESCO Superstores in China
- Thomas Weisel Upgrades Tractor Supply Co (TSCO) to Overweight
- Piper Jaffray Downgrades Tractor Supply (TSCO) to Underweight; Company Specific Headwinds
- Tractor Supply (TSCO) Tops Q3 EPS by 4c; Guides In-Line
Piper Jaffray downgrades Tractor Supply (Nasdaq: TSCO) to Underweight. Price target lowered from $49 to $46.
Piper analyst says, "While we continue to believe TSCO is one of the better long-term retail growth stories within our coverage universe, we believe several company specific headwinds will depress EPS growth for at least the first half of 2010. As a result, we are downgrading TSCO shares to Underweight. We are specifically concerned about the negative impact of deflationary pressures on comp growth and cycling through outsized product margins in Q4 and 1H 2009. Taking these factors into account for 1H 2010, we are reducing our F10 EPS estimate from $3.25 to $3.07 which represents growth of 5% next year...Reducing F09 EPS est. to $2.92 and F10 EPS est. to $3.07."
To see more analyst ratings on TSCO Click Here.
Tractor Supply Company operates retail farm and ranch stores in the United States.
Related Categories
DowngradesStocks Mentioned
+0.09Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
