DA Davidson Reiterates Buy Rating on Tractor Supply Company (TSCO)

DA Davidson analyst Michael Baker reiterated a Buy rating and $65.00 price target on Tractor Supply Company (NASDAQ: TSCO).

He said, "We priced 240 self-described “most popular” non-private label items on sale across 20 categories on Tractor Supply’s web site and searched for those products on Amazon (BUY-rated; Gil Luria). We found the exact item on Amazon in 126 cases, or 53% of the time. But, for the majority, or 90 of the 114 items where we could not find an exact match, there was a similar product on Amazon, differing either by brand, size or some other specification. Our conclusion is that Tractor Supply has a modest product advantage over Amazon, which should help TSCO defend share as AMZN increases their rural distribution capabilities."

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 $52.95 yesterday.

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