Barclays Raises Numbers on Tractor Supply Co (TSCO); Remains a Top Pick

Barclays maintains an 'Overweight' on Tractor Supply Company (NASDAQ: TSCO) price target raised from $90 to $100.

Analyst, Alan M. Rifkin, said, "We continue to recommend Tractor Supply as we believe that the company offers among the best long-term top- and bottom-line growth prospects in U.S. Retail Hardlines...We believe that inflation could benefit 1Q comps by 350 bps. Additionally, we expect higher than previously anticipated sales of riding lawnmowers to drive improvement in big ticket."

On positive weather trends, Rifkin raises FY12 EPS estimate from $3.52 from $3.56, FY13 from $4.02 to $4.10 and FY14 from $4.58 to $4.70.

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 $91.03 yesterday.

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